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Reference R7815

Cafe Restaurant in Essex For Sale

Cafe Restaurant in Essex For Sale
Cafe Restaurant in Essex For Sale Buy a Cafe Restaurant in Essex For Sale Sell a Cafe Restaurant in Essex For Sale Cafe Restaurant in Essex For Sale for Sale Cafe Restaurant in Essex For Sale for Sale Cafe Restaurant in Essex For Sale for Sale Cafe Restaurant in Essex For Sale for Sale Cafe Restaurant in Essex For Sale for Sale Cafe Restaurant in Essex For Sale for Sale

Register to see map and to make an appointment Situated in the Food Court part of main shopping centre, ESSEX

Turnover £ 6,000
Price £65,000

Features

Spacious Café (catering For Pastas, Lasagne, Salads, Teas & Coffees)

SPACIOUS CAFÉ with woodstrip floor, ceiling with inset lighting plus hanging lighting. Tables & chairs plus upholstered armchairs & settees providing seating for approximately 100 persons. Counter plus cool display counter, 3-group coffee machine, 2 coffee grinders, 1 electronic cash register etc.

LARGE KITCHEN with non-slip floor, stainless steel extractor system, 4 electric hobs, grill, 3 fridges, double sink & drainer, walk-in coldroom,, walk-in deep freezer etc.

Ladies' & gentlemen's cloakrooms

Turnover

WE ARE INFORMED the turnover averages £6,000/£7,000 p.w. including takeaway. In addition the present tenants have sublet an additional area which is operated as Chinese Hot Food & we understand they are receiving a rental currently of £3,800 per month. In addition a small additional area has been sublet for Indian Hot Food & we understand this provides an additional rental income of £1,600 per month.

Staff

At present operated by the vendor on a full time basis plus father part time plus 4 full time & 2 part time staff.

Trading Hours

8 a.m. - 6 p.m.

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 5½ years unexpired at a rental of £86,400 p.a. plus VAT. In addition we understand there is a service charge of £3,500 per month. As will be appreciated with the rental income from the Chinese Hot Food & Indian Hot Food of £5,400 per month the net rental payable at the present time is only £21,600 p.a. plus VAT, exclusive of rates.

We understand there are management contracts with the Chinese Hot Food & Indian Hot Food Takeaway sections requiring 2 months notice to terminate.

Uniform Business Rates: £25,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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