Immaculate Coffee Shop in Essex For Sale

Situated in a parade, excellent main road trading position, ESSEX

Turnover £ 2,250
Price £75,000

Features

Well Presented Coffee Shop

FORECOURT WITH LICENCE FOR 20 PEOPLE

DOUBLE FRONTED PREMISES in the region of 750 ft² WITH ELECTRIC CONOPY, industrial non-slip floor, ceiling with spot and hanging lighting, cool display counter with refrigerated storage section, cash register, ice cream freezer, Coffee Machine, cake chiller, Mr Whippy ice cream machine, 1 fridge, ice cream freezer, 4 freezers, 2 microwaves, crepe machine, double waffle machine, toaster, coffee grinder, 3 head espresso machine, commercial dishwasher and oven as well as all high end sofas, chairs, coffee tables, tables and booth seating for up to 42 people.

Stock room.

Large customer toilet, wheelchair accessible for the disabled

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 - £2,500 p.w. with a Gross profit of 65% approx. (NO DELIVERIES). The draft accounts for 31st December 2023 show sales of £117,586 with a gross profit of £94,881

Staff

The business is at present operated by the vendor son with 3 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 5pm
SUNDAY 9am - 4pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £20,000 p.a. + VAT

Business Rates from April 2024 £1,420 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

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