Cafe in Biggleswade For Sale

Situated in a parade, excellent trading position, office and commercial area, BEDFORDSHIRE BIGGLESWADE

Turnover £ 1,800
Price £55,000

Features

Café / Restaurant We Understand The Premises Have A3 Use

This Café occupies an excellent trading position with a walk-through from the High Street to a large Asda Supermarket. In our opinion the business offers terrific potential for further development in the right hands.

6 DAYS OPENING

Outside seating for 20 persons (could be increased) with patio heater.

SINGLE FRONTED PREMISES in the region of 510 ft². Bay windows. Air conditioned. Laminated floor, LED spotlights. Tables and chairs seating for 20 persons (could be increased). Sales counter, touchscreen till, 2 under- counter fridges, under-counter freezer, ice cream display freezer. Wall mounted electric heater.

OPEN PLAN KITCHEN. Extractor. Induction hob, commercial microwaves, double panini press, 2 group coffee machine, knock out drawer and grinder, crepe maker, waffle maker, milkshake machine, smoothy maker, toaster, upright fridge, upright freezer, dishwasher, single sink and drainer, wash hand basin

Cloakroom with toilet and wash hand basin.

Storeroom.

First floor stockroom with deep freeze.

Ladies' and gentlemen's cloakrooms with toilets and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,800 p.w. with a gross profit of 65% approx. (Deliveries via Just Eat & Uber Eat). In our opinion the business offers tremendous scope to develop with own drivers. The vendor's have recently introduced 'stay and play sessions' deriving a further income stream.

Staff

The business is at present operated by a husband & wife team

Trading Hours

6 Day week
MONDAY - FRIDAY 9 a.m - 4 p.m
SATURDAY 10 a.m - 4 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 9 years in 2019 with NO RENT REVIEWS at a current rent of £16,700 p.a. plus VAT. In addition we are advised there is a service charge of £348.44 per month plus VAT.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote