Cafe in Essex For Sale

Situated in a small parade, excellent trading position, residential area, Essex.

Turnover £ 3,500
Price £59,950

Features

Newly Fitted Café

5 STAR HYGIENE RATING ~ 6 DAYS OPENING
FORECOURT WITH SEATING FOR 24
NEWLY FITTED 2022

SINGLE FRONTED PREMISES in the region of 500 ft² WITH CANOPY, vinyl floor, suspended ceiling with LED lights, Air conditioning with hot air, sales counter, cash register, ice cream machine, Slushi Machine, coffee grinder, Coffee Machine (2 Group), glass washer. Tables and chairs providing seating for 28 People.

Toilet with w.c. and wash hand basin.

Kitchen, stainless steel extractor unit, Gas 4-burner Cooker, deep fryer (2 pan), griddle, microwave oven, dishwasher (commercial), bain marie (2-pot), toaster, 2 counter top fridges, freezers.

Stock room, 2 deep freeze, 2 Fidges, 2 freeze.
Staff Toilet with w.c. and wash hand basin

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 vendor with 1 full time & 1 part time staff.

Trading Hours

6 Day week
TUESDAY - FRIDAY 8am - 5pm
SATURDAY & SUNDAY 8am - 4pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

1 double Bedrooms
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Large rear yard

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £35,000 p.a. for the first 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote