Superbly Fitted Licensed Cafe & Restaurant For Sale

Business description

Full On Licence

Well appointed LICENSED CAFÉ/RESTAURANT catering for breakfasts, lunches, teas, coffees and evening meals.

Front area with space for 3 tables and 8 chairs.

ATTRACTIVE & SPACIOUS SINGLE FRONTED RESTAURANT with quality laminated woodstrip floor and sophisticated décor throughout. Full Gas Fired Central Heating. Air conditioning (hot & cold). New tables, chairs plus upholstered seating providing seating for 35 persons. ATTRACTIVE BAR, 2 group coffee machine, 3-door glass fronted counter fridge, computerised till system, ice machine, sink.

OPEN PLAN KITCHEN fully equipped including 1 6-burner gas cooker, charcoal grill, 1 2-door stainless steel counter fridge, 2 3-door stainless steel counter fridges, commercial microwave oven, dishwasher, single sink and drainer, wash hand basin etc.

Storeroom with 3 chest deep freezes, 1 upright stainless steel deep freeze, 3 upright stainless steel fridges.

Fully tiled cloakroom with w.c. and wash hand basin plus baby changing facilities

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £28,248 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £10,390 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED LICENSED CAFÉ/RESTAURANT IN THIS EXCELLENT SOUTH HERTFORDSHIRE TOWN.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent trading position, sought after HERTFORDSHIRE TOWN

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £9,000 p.w. offering further potential to increase in the right hands. Gross profit we are advised in the region of 72%.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £245,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - 8.30 a.m. - 4.30 p.m.
Tuesday - Saturday inclusive - 8.30 a.m. - 9.30 p.m. (last orders)
Sunday opening - 9 a.m. - 4 p.m.

Employees:

The business is at present operated by the vendor with the assistance 2 full time chefs plus 1 part time chef, 2 full time washer-ups. Plus restaurant area - 1 full time plus 2 part time. Wages paid in the region of £1,700 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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