Exceptional Busy fitted Cafe in Essex For Sale

End of terrace property, excellent main road trading position, residential, office and commercial area, Essex

Turnover £ 6,500
Price £230,000

Features

Well Fitted Café Coffee Shop

FORECOURT WITH PARKING FOR 4 CARS
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,430 ft² with wood strip floor, suspended ceiling with LED lights, sales counter, cash register, Tables and chairs providing seating for 75 People.

Open plan kitchen area, stainless steel extractor unit, Gas 9-burner Cooker, Coffee Machine (3 Group), coffee grinder, microwave, grill, fridges, freezers, stainless steel preparation table.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. - £7,000 with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 4pm

Accommodation

THE TWO SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy both providing a rental income of £1,500 per month . The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

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 5 years (next review 2027) at a current rent of £45,000 p.a.

(As will be appreciated with the rental income currently of £39,000 p.a. in respect of the TWO self contained flat leaving rent payable of £9,000 p.a).

Business Rates from April 2024 £3,500 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 £230,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 115,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote