Cafe in Hampshire For Sale

Detached property, main road trading position, residential, office and commercial area, Hampshire.

Turnover £ 3,800
Price £120,000

Features

Well Presented Cafe

5 DAYS OPENING
OUTSIDE SEATING OF 28 PEOPLE plus 10 TO THE FRONT
5 STAR HYGIENE RATING

Ample car parking, there are no parking restrictions at the back of shop.

DOUBLE FRONTED PREMISES in the region of 700 ft² with tiled & carpet floor, suspended ceiling with spot lights, gas firted central heating,sales counter, Coffee Machine (3 Group), coffee grinder, drinks display fridge (glass fronted upright double-door), under counter fridge. Tables and chairs providing seating for 22 People (can be expanded).

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, 3 x deep freeze, 2 x 3 door under coiunter fridges with marbel work tops, large gas grill, microwave, sink, dishwasher.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,800 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by 4 full time staff.

Trading Hours

5 Day week (10.30pm Licence)
MONDAY - FRIDAY 9am - 4pm

Outside

Rear Garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £19,000 p.a.

Business Rates from April 2024 £1,900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote