Traditional Cafe in East Sussex For Sale

Situated in a Parade, excellent main road trading position, residential area, East Sussex.

Turnover £ 1,600
Price £39,950

Features

Traditional, well Equipped Café

5 DAYS OPENING ~ 5 STAR HYGIENE RATING

Total seating 56 customers.

Partially covered seating outside for 28 customers.

DOUBLE FRONTED PREMISES, in the region of 525 ft², WITH ELECTRIC SHUTTERS - Tiled flooring, suspended ciling with LED lighting.

Tables and chairs seating 28 customers

Sales counter, Casio cash register, cold and hot display cabinets.

Open plan Kitchen - Stainless streel extractor, Gas griddle, 5 ring gas hob, 2 microwaves, double table top fryer, 1 painini grill, salamader grill, plate warmer, toaster, 2 slow cookers, oven, 3 under counter freezers, 2 group coffee machine, grinder, knock out drawer, tall fridge/freezer, full height freezer, chest freezer, 2 under counter fridges, 2 full height fridges, single sink and drainer, separate wash hand basin, dish washer, stainless steel preparation tables, UV insect killer, etc.

Cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £1,700 p.w. with a Gross profit of 72% approx.

Staff

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

We are informed the wage bill averages £550p.w. approx.

Trading Hours

5 Day week

TUESDAY - FRIDAY 7.30 am - 2.30pm
SATURDAY 8 am - 2 pm
CLOSED SUNDAY & MONDAY

Obvious potential, and demand, for longer opening hours.

Outside

Access to store room.

Service entrance to rear.

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 2015 with reviews every 3 years at a current rent of £10,838 p.a. (including building insurance)

We are advised the lease is granted within the 1954 Landlord & Tenant Act and the landlord will consider granting a new lease to an approved tenant at terms to be agreed.

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

EPC Rating B (36)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote