A3 Cafe And Take Away Middlesex For Sale

Business description

Located in upmarket town in Middx in the centre of a busy shopping district.
Currently operated under management. Advised turnover c£7,000 pw. Large hotel opening Spring 2012 with anticipation of substantial increase in takings. New lease to be granted, neg. Rent £42,000 pa.

Property information

Property:

Leasehold

Location:

Location
High street position in upmarket town in Middlesex. Busy shopping area with multiple outlets attracting trade to the area. 115 room Hotel currently under construction nearby opening Spring 2012.

Business
A3 Cafe and Take Away established on this site since 1994 by the current owner having built up a good reputation in the area. Serving daytime trade only with Breakfast, Lunch and Tea.
Operated under management with very little input by the owner.
We are advised that the hotel currently under construction will have no eating facilities and as it is in such close proximity to the cafe a substantial increase in turnover is anticipated.

Current advised turnover c£7,000 per week working on a Gross Profit of c65%.

Hours
7am - 5pm Monday to Saturday. 9am - 4pm Sunday.

Staff
Various staff with a wage bill of £1,600-£1,800 per week.

Premises
End of terrace site, lock up shop comprising Ground Floor and Basement, glass frontage and exterior signage. We are advised that Planning permission has been granted to open frontage with concertina doors. Exterior pavement seating for 4 people.

Ground Floor Interior: Well fitted with wood flooring to the front and tiled flooring in the Conservatory to the rear.
Seating for 60 covers at wood tables and chairs and seating for 20 covers in the Conservatory along with further seating in Garden patio in summer months.
Fully tiled Ladies and Gent's cloakrooms.

Well equipped with modern display refrigerated display counter, behind which is sited an open kitchen area. Convection oven, double fryer, 2 ring hob/oven, griddle, 4 pot Bain Marie, Juicer, toaster, espresso machine, 2 x double Panini machines, stainless steel extraction system, built under stainless steel fridges.

Basement: Accessed via internal stairs leading to a storage area with double sink, industrial dishwasher and various fridges and freezers.

Tenure
The seller is the freeholder and will grant a new lease to incoming tenant, terms negotiable.
Rent £42,000 per annum. Business Rates c£11,000 pa.