Licensed Coffee Shop and Cafe in Hertfordshire For Sale

Semi-detached property, prominent trading position, residential, office and commercial area, Hertfordshire.

Turnover £ 4,100
Price £99,500

Features

Attractive Licensed Coffee Shop

5 STAR HYGIENE RATING.
FORECOURT WITH SEATING 40 PEOPLE
LISTED BUILDING

DOUBLE FRONTED PREMISES in the region of 500 ft² WITH CANOPY, wood strip floor, ceiling with spot lights, cool display counter with refrigerated storage section, cash register, 2 x coffee grinder, Coffee Machine (2 Group), Merrychef (E2S), microwave, toaster, Tables and chairs providing seating for 23 People.

Toilet with w.c. and wash hand basin.

Stock room dishwasher, fridge/freezer

Shed with 4 freezers, fridge/freezer & chest freezer

Low storage shed

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,100 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the 2 partners with the assistance of 9 part time staff.

Trading Hours

7 Day week (Licensed 11pm)
MONDAY - SATURDAY 9am - 3pm
SUNDAY 10am - 3pm

Summer hours
MONDAY - SATURDAY 9am - 4pm
SUNDAY 10am - 3pm

Outside

Shared Court Yard with Storage Shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 13 years in 2018 with reviews every 3 years (next review 2028) at a current rent of £16,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote