Cafe Restaurant in Romford For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Essex. ROMFORD

Turnover £ 5,000
Price £69,950

Features

Well Established Café Restaurant

FORECOURT WITH SEATING FOR 16 PEOPLE

DOUBLE FRONTED PREMISES in the region of 825 ft² WITH ELECTRIC SHUTTERS & CANOPY, tiled floor, suspended ceiling with spot lights, Air conditioning with hot air, sales counter, cash register. Stainless steel extractor unit, gas griddle, small drinks display fridge, cool display counter with refrigerated storage section, coffee grinder, Coffee Machine (2 Group), 2 x under counter fridge, Tables and chairs providing seating for 52 People

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, dishwasher (commercial), double sink and drainer, spray tap, stainless steel counter, shelving.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. NO DELIVERIES

Staff

The business is at present operated by the 2 partners with 3 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 4pm
SUNDAY 9am - 4pm

Outside

Small Yard for bins

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £28,000 p.a. + VAT

Business Rates from April 2023 £1,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote