Well Fitted Licensed Internet Cafe Sandwich Bar For Sale

Business description

Outstanding opportunity to acquire a spacious Internet Café with full A3 use

Situated in a large shopping area which we understand was recently enlarged to include a new shopping centre completed approximately 3/4 years ago complete with cinema, bowling alley and 200 flats.

The Licensed Café plus full separate Internet facilities on the first floor. The Cafe caters for breakfasts, hot & cold lunches, sandwiches, panini's, homemade cakes etc.

Front forecourt area with tables and chairs providing seating for 15/20 persons. Licence Fee for this area currently in the sum of £104 p.a. is payable to the Council.

SPACIOUS SANDWICH BAR recently refurbished with attractive tiled floor, suspended ceiling with spotlighting. Well equipped including tables and chairs providing seating for up to 40 persons. Large cool display serveover counter, 4 small undercounter fridges, 1 upright single door counter fridge (for beers and wines), 1 upright stainless steel larder fridge, upright glass fronted display fridge (on loan from Coca Cola), griddle, stainless steel extractor unit, 2 microwave ovens, turbo fan assisted electric oven, large panini grill, toastie maker, 2 under-counter freezers , single sink and drainer, dishwasher. Wsh hand basin etc.

Disabled cloakroom with w.c. wash hand basin and baby changing facilities

Lobby with fridge/freezer
Stockroom
Staff toilet

Rear staircase to first floor area equipped as an INTERNET CAFE with 4 computers and scanner

Large first floor office plus stockroom with 1 chest deep freeze, 1 small deep freeze, 1 large fridge.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease expiring in June, 2015 at a rental of £37,500 p.a. exclusive of rates, fixed for the remainder of the term. In addition we understand there is a current service charge of approximately £6,000 p.a.

Uniform Business Rates: £13,200 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Excellent trading position, prominent shopping area, SURREY.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £3,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8 a.m. - 5.30 p.m.
Sunday opening - 10 a.m. - 4 p.m.

Employees:

The business is at present operated by the vendor's wife with the assistance of the vendor on a part time basis plus 1 assistant manager and 2 part time staff. In addition there are 4 casual staff employed at weekends.

Other information

Financing available:

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