Well Established Café in Romford For Sale

Prominent pedestrianised trading position, residential, office and commercial area, close to Romford Station, ROMFORD, Essex

Turnover £ 5,500
Price £105,000

Features

Well Established Café

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 24 PEOPLE
Tables and chairs providing seating for 70 People

DOUBLE FRONTED PREMISES in the region of 2,120 ft² WITH ELECTRIC SHUTTERS, tiled floor, spot lights, cool display counter with refrigerated storage section, cash register. Tables and chairs providing seating for 34 People, Coffee Machine (2 Group), CCTV system (3 cameras, 1 monitor)

Open plan kitchen area, stainless steel extractor unit, Gas Cooker, grill, 4 microwaves, 2 fridge, 3 freezer.

Disabled Toilet with w.c. and wash hand basin.

First Floor in the region of 825 ft²

Tables and chairs providing seating for 36 People.
Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

2nd floor in the region of 555 ft²

Stock room / Store room, 3 freezer1, fridge, etc.
Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 65% approx. (20% ONLINE SALES)

Staff

The business is at present operated by the vendor with 3 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 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 16 years in 2021 with reviews every 4 years (next review 2029) at a current rent of £35,000 p.a.

Business Rates from April 2025 £5,700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote