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Reference R6441

Italian Restaurant & Coffee Shop in Highams Park For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, E LONDON HIGHAMS PARK

Turnover 10,000
Price 260,000

Features

Spacious Licensed Coffee Shop Plus Adjoining Licence Italian Restaurant

AMPLE PARKING IN FRONT OF PARADE PAY & DISPLAY FROM 10 A.M. - 4 P.M. EACH DAY, HOWEVER FREE ON SUNDAYS

Entrance to SPACIOUS SINGLE FRONTED COFFEE SHOP with 3 air conditioning units. Full gas fired central heating. Woodstrip floor plus partly tiled floor. Tables & chairs providing seating for 40 persons. Cool display serveover counter with refrigerated storage section, additional counter, electronic till with printer, upright glass fronted drinks fridge (on loan from Coca Cola), Gaggia 3-group coffee machine plus coffee grinder (both on loan agreement, subject to purchase of coffee from the company), 2 commercial microwave ovens, sink.

Small kitchen/office at rear (not utilized at present)
Staff w.c. & wash hand basin

Access from the Coffee Shop to SPACIOUS LICENSED ITALIAN RESTAURANT. 2 large glass sliding doors to front - these can be opened to provide an open front. In addition there is a further front entrance for customers. The restaurant has a quality tiled floor, ceiling lighting on tracks. Tables & chairs providing seating for 72 persons (can be increased to approximately 100 persons for parties). BAR with 2 hand pumps, double door glass fronted counter fridge, computerised till.

SERVERY AREA with 2 group coffee machine (owned), single door stainless steel counter deep freezer, double door stainless steel counter fridge, large 3-deck pizza oven, dough mixer, large marble topped counter with refrigerated topping section.

REAR WASH-UP AREA with tiled floor, tiled walls, commercial dishwasher, double sink & drainer.

FULLY TILED KITCHEN with 3-door stainless steel counter fridge, sink, wash hand basin, stainless steel extractor plus stainless steel cladding to walls, plate warmer, 2 6-burner gas cookers with ovens, electric double deep fryer, ice machine, microwave oven.

Rear stockroom/preparation room with gravity feed slicer, walk-in coldroom, walk-in deep freezer, ice cream deep freezer

Fully tiled ladies' cloakroom with w.c. & wash hand basin, electric hand dryer
Disabled cloakroom with w.c. wash hand basin, electric hand dryer plus baby changing facilities
Fully tiled gentlemen's cloakroom with 2 urinals, w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 10,000 p.w. including coffee shop turnover in the region of 4,000 p.w. in our opinion the business offers terrific potential for further development in the right hands.

Staff

The business is at present operated by the vendor with in the kitchen 1 full time chef, 1 full time assistant chef, 1 part time washer-up, 1 full time pizza chef. Restaurant area 2 full time waiters plus additional staff when required.

Coffee shop 4 full time staff.

Trading Hours

Coffee Shop - 7.30 a.m. - 5 p.m. seven days per week (during the summer months the coffee shop remains open until 6.30 p.m)

The Restaurant is operated 6 days per week
Sunday - 12 noon - 10.30 p.m.
CLOSED ALL DAY MONDAY
Tuesday, Wednesday & Thursday - 12 noon - 10.30 p.m.
Friday & Saturday - 12 noon - normally to approximately 11.30 p.m.
Sunday - 12.30 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT situated over the Coffee Shop FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

First floor balcony to rear of property

Outside

Yard at rear with parking space for 2 cars

Tenure

The entire premises are held on 2 separate leases from the same landlord, the restaurant lease is at present an under-lease renewable, having approximately 8 years unexpired at a rental of 40,000 p.a. exclusive of rates for the next 2 years with rent to be agreed thereafter whilst the coffee shop is held on a separate lease having at present 2 years unexpired at a rental of 20,000 p.a. exclusive of rates inclusive of the flat over.

Uniform Business Rates: 16,700 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS 260,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 130,000 (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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