Attractive Licensed Cafe in Northumberland For Sale

Imposing trading position, excellent main road, residential, office and commercial area, Northumberland.

Turnover £ 3,000
Price £85,000

Features

Attractive Licensed Café

5 DAYS OPENING
OUTSIDE SEATING FOR 6 PEOPLE
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 575 ft² to laminated strip floor, ceiling with spot lights, sales counter, cash register, open cool display unit (1.25 metres), Coffee Machine, coffee grinder. Tables and chairs providing seating for 26 People.

Kitchen, stainless steel extractor unit, Cooker (Gas 5-burner), griddle, toaster, 4 microwaves, 3 door under counter fridge, fridge, commercial under counter fridge, under counter fridge, 4 under counter freezer, dishwasher, 2 sink, handbasin.

Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (NO DELIVEREIS)

Staff

The business is at present operated by the Husband & Wife (part time) team with the assistance of 2 part time staff.

Trading Hours

5 Day week
MONDAY, TUESDAY & THURSDAY - SATURDAY 9am - 2.30pm (winter months)

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2023 with reviews every 3 years (next review 2026) at a current rent of £20,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote