Rare Opportunity Cafe in Hertfordshire For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, near Underground Station and multiple Bus Stops & Schools, Hertfordshire.

Turnover £ 5,000
Price £45,000

Features

Recently Closed Busy Café

SEATING FOR 22 PEOPLE
FORECOURT WITH SEATING FOR 8 PEOPLE

DOUBLE FRONTED PREMISES in the region of 335 ft² with sales counter, Till, Tables and chairs providing seating for 22 People. Open plan kitchen area, stainless steel extractor unit, Espresso Machine, Coffee grinder, Under counter, Fridge, Display fridge, Oven + hob, Freezer, Drinks fridge, Shelving Good, Crockery/ cutlery, Microwave, Extractor fan, Valentine chip fryer, Bain Maria, Dishwasher, Griddle, Toaster, slicer, etc

External Toilet

Turnover

The 15 months accounts to 31st December 2024 show sales of £212,025 with a gross profit of £136,223 and a Net Profit of £ 42,358

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £14,000 p.a. for the first 5 years.

Please note after year 5 a break clause can be implemented with 1 year notice if the Landlord wants to redevelop the property.

DUE TO ACCOMMODATION ABOVE THE PREMISES THE LANDLORD WILL ONLY ALLOW THE PREMISES TO BE OPEN UNTIL 9PM.

Price

TO INCLUDE THE LEASE, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote