Dessert Parlour in Essex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Essex.

Turnover £ 3,000
Price £75,000

Features

Well Equipped Dessert Parlour

4 STAR HYGIENE RATING.

SINGLE FRONTED PREMISES in the region of 900 ft² WITH ELECTRIC SHUTTERS AND Bi-FOLD DOORS, tiled floor, ceiling with hanging lights, cool display counter with refrigerated storage section, EPOS till. Tables and chairs providing seating for 25 People, waffle machine, crepe machine, 2 blenders, microwave, ice cream machine, Oven, Tea machine, cake display fridge, 2 x drinks display fridge (glass fronted upright double-door)

Basement in the region of 360 ft², used for storage purposes, freezer.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by 2 full time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 3pm - 11pm
FRIDAY - SUNDAY 2pm - 11pm

Outside

Parking space for 1 car.

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 2022 with reviews every 4 years (next review 2026) at a current rent of £18,000 p.a.

Business Rates from April 2024 £600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote