Chai Cafe plus Dessert Parlor in Watford For Sale

Occupying a corner position, excellent trading position, residential, office and commercial area, HERTFORDSHIRE WATFORD

Turnover £ 3,500
Price £40,000

Features

Closed Chai Café & Dessert Parlour

A1 Premises.

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 680 ft² with ELECTRIC SHUTTERS. Lino floor, hanging lights. Tables and chairs providing seating for 6 persons. Sales counter, EPOS till, cool display cabinet, flat grill, electric oven, 2 hobs, 2 fridges, freezers, 2 blenders. CCTV system (4 cameras, 1 monitor)

Basement in the region of 200 ft² used for storage purposes, 2 freezer, 2 fridge freezer.
Office

Turnover

WE ARE INFORMED by the owner the turnover WHEN TRADING £3,500/£4,000 p.w. with a gross profit of 65% approx. 15% DELIVERIES

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 7 years in 2022 with rent review 2027 at a current rent of £15,600 p.a.

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 SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote