A3 Cafe Bar in Colchester For Sale

Situated in a parade, main road trading position, residential and commercial area, ESSEX COLCHESTER

Turnover £ 3,500
Price £35,000

Features

Café Shop

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 1,840 ft². Laminate flooring, suspended ceiling with concealed lighting. Tables and chairs seating 60 persons. Sales counter, electric cash register, heated serve over counter.

Customers cloakroom with toilet sink and mirror

OPEN PLAN KTICHEN. Stainless steel extractor, griddle, oven, panini grill, toaster, hot cupboard, 6 pot bain marie, 4 microwaves, double deep fat fryer, under-counter fridge, under-counter freezer, 2 full height freezers, 3 upright fridges, potato peeler, wash hand basin dishwasher, stainless steel prepartion tables

Storage room.

Washing up room with double sink and drainer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the 2 partners with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m - 5 p.m
SUNDAY - 8.30 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 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £14,995 p.a. plus vat

Business Rates from April 2022 £3,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote