Attractive Licensed Cafe Restaurant & Sandwich Bar For Sale

Business description

DOUBLE FRONTED LICENSED CAFÉ/RESTAURANT & SANDWICH BAR, tiled floor, ceiling lighting. Tables and chairs providing seating for 30 persons. Cool display serveover counter, 2 group coffee machine, coffee grinder.

Stairs to BASEMENT providing additional seating area with tiled floor, ceiling lighting. Tables and chairs for a further 20/25 persons. BAR

From the ground floor there is a staircase to the first floor area providing a further seating area with woodstrip floor. Tables and chairs for 25 persons.

Half tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

GROUND FLOOR OPEN PLAN LEVEL KITCHEN AREA with tiled floor and tiled walls, stainless steel extractor unit, 6-burner gas cooker, double deep fryer, 4 microwave ovens, double sink and drainer, stainless steel work table, wash hand basin, 2-door stainless steel counter fridge, 1 upright double door stainless steel fridge, 1 upright single door stainless steel fridge, 1 upright stainless steel deep freeze.

On the first floor there is a storage area with 2 chest deep freezes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 9½ years unexpired at a rental of £15,500 p.a. exclusive of rates for the next 2½ years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £6,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a terrace, Town Centre, ESSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offers further potential to increase in the right hands. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7.30 a.m. - 4.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.

Employees:

The Business is at present operated by a husband and wife team with the assistance of 1 full time and 4 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance