Profitable Cafe Coffee Shop in Romford For Sale

Shopping centre locality, excellent trading position, commercial area, ROMFORD

Turnover £ 7,500
Price £139,500

Features

Profitable & well Equipped Café / Coffee Shop

Air conditioned.

Front area with chairs and tables seating 18 people.

Double Fronted - Tiled Flooring, Suspended ceiling with character lighting.

Tables and Chairs seating 32 people.

Sales counter - Electric cash register, soft drinks fridge, coffee machine (on lease) under counter fridges.

Stainless steel extractor - Grill, 2 deep fat fryers, 2 microwaves, oven, griddle, 2 ring hob, display chiller, under counter freezer, upright freezer, single sink with drainer, ice machine, dishwasher, milshake machine, etc,

Stairs to first floor SECOND KITCHEN / PREPARATION AREA

Stainless steel extractor, electric hob with oven beneath, stainless steel preparation table, double sink with drainer, 2 fridges, 3 freezers, blender,

Customer cloakrook with toilet and wash hand basin.

Staff cloakroom with W.C. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor, a manager, 2 full time and 2 part time staff employed.

Trading Hours

7 Day week

MONDAY - SATURDAY 7am - 6pm
SUNDAY 9am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE recurring 5 year lease (private landlord) granted in 2021 at a current rent of £24,000 p.a. plus vat

Business Rates from April 2023 £2,800 approx. after small business relief (Please contact local authority to confirm)

In addition we understand there is a Service charge of £5,000 p.a. plus vat approx.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,500 o.n.o. plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 69,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote