Cafe Restaurant in Essex For Sale

Situated in a parade, excellent trading position, ESSEX

Turnover £ 8,000
Price £165,000

Features

Well Fitted Café / Restaurant

5 STAR HYGIENE RATING

We understand the Café/Restaurant has a Premises Licence for the sale of wines, beers & spirits, although no alcohol is sold at present. In our opinion there is terrific potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Personal Licence.

Front decking area with tables & chairs for 12 persons to -

SINGLE FRONTED SPACIOUS CAFÉ/RESTAURANT with tiled floor, wall & ceiling lighting. Tables & chairs providing seating for 54 persons.

REAR KITCHEN with tiled floor, tiled walls, stainless steel extractor, 4-burner electric hob with oven, double deep fryer, 3 fridges, 4 deep freezers, dishwasher, double sink & drainer, wash hand basin.

Customers' cloakrooms

Turnover

WE ARE INFORMED the turnover is currently in the region of £8,000 p.w. in our opinion offering further potential to increase, especially with evening opening, if desired.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 3 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Sunday inclusive - 8 a.m. - 4 p.m.

Outside

Yard at rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £24,000 p.a.

Uniform Business Rates 2024: £3,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote