Brunch Dessert Parlour in Hornchurch For Sale

Situated in a parade, prominent trading position, residential, office and commercial area, HORNCHURCH , ESSEX

Turnover £ 4,000
Price £60,000

Features

Well Fitted Brunch Dessert Parlour

FORECOURT WITH SEATING OF 12 people

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 675ft² with ELECTRIC SHUTTERS. Vinyl floor, ceiling with spotlights. EPOS till. Tables and chairs providing seating for 23 persons.

Fully refurbished to a very high standard in 2021 with all brand new high end equipment including 2 group coffee machine, 10 flavour ice cream freezer with 10 storage, waffle and crepe machine, 400ltr freezer and fridge, convection oven, 2 drink fridges, dishwasher, pastry display, bakery stand, sales counter.

Preparation kitchen

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a gross profit of 70% approx.

Staff

The business is at present operated by 2 partners with 1 full time staff employed.

Trading Hours

6 Day week
TUESDAY - FRIDAY 9 a.m - 6 p.m
SATURDAY 10 a.m - 6 p.m
SUNDAY 10 a.m - 4 p.m

Outside

Small yard for bins

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from sprivate landlord, granted for 5 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £15,000 p.a. We are further advised the landlord is happy to grant a new 10/5 year lease with 5 yearly reviews at a starting rent of £18,000, subject to references

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote