Dessert and Brunch Bar in Somerset For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, NORTH EAST SOMERSET.

Price £195,000

Features

Well Fitted Dessert & Brunch Bar

DOUBLE FRONTED PREMISES in the region of 1,135 ft² with industrial non-slip floor, ceiling with LED & Hanging lights, Freezer display counter, EPOS till. Tables and chairs providing seating for 83 People, fridge, freezer, blender, coffee grinder, Coffee Machine (2 Group), Blast Oven ,waffle machine (on loan), crepe machine, microwave, CCTV system (12 cameras, 1 monitor).

Toilet with w.c. and wash hand basin.

Disabled Toilet with w.c. and wash hand basin.

Office

Basement in the region of 365 ft², used for storage purposes.

Walkin coldroom.

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by 1 full time & 12 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 11am - 12 Midnight
SATURDAY SUNDAY 10am - 12 Midnight

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 2022 with reviews every 4 years (next review 2026) at a current rent of £52,500 p.a. + VAT In addition we understand there is a Service charge of £5,200 p.a. + VAT approx.

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

Business Rates from April 2024 £10,000 approx. (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, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote