A3 Cafe And Take Away In City For Sale

Business description

Located centre of pedestrianised market area in centre of City. Destination venue for the numerous office workers, tourists and shoppers with many restaurants, bars and shops closeby. Operated by the current owner for the past6 6 years. Advised turnover: Winter £7,500-£8,000 pw. Spring onwards £8,500-£9,000 pw. Rent £38,000 pw. 19 years remaining on lease.

Property information

Property:

Leasehold

Location:

Location
Centre of a pedestrianised sought after covered market area of the City. Destination site for the numerous office workers, tourists and shoppers attracted to many restaurants, bars and shops closeby.
Close proximity to three Underground stations.

Business
Currently trading as an A3 Cafe and Take Away which has been established on this site for many years and operated by the current owner for the past 6 years. Serving breakfast and lunch daytime trade.
Owner run with the assistance of 6 staff with a wage bill of c£1,800 per week.

Advised turnover: Winter Months £7,500 - £8,000 per week. Spring onwards c£8,500-£9,000 pw.
Working on a gross profit c65%.

Hours
7am-4pm Monday to Friday. Saturday morning.

Premises
Mid parade, lock up shop comprising Ground Floor, First Floor and Basement. Half glass frontage with exterior signage. Exterior seating for 16 people at steel tables and chairs.

Ground Floor: Serving area fitted with tiled flooring and walls, low level lighting, menu boards and seating for 4 people at the bar. Equipped with refrigerated display serving counter, espresso machine, heated cabinet, microwave, 2 pot bain marie, built under stainless fridges and units.

Basement: Accessed via internal stairs leading to the kitchen, staff area and cloakroom.
Kitchen fitted with tiled flooring and stainless steel clad walls. Equipped with 6 ring hob/oven, double fryer, griddle, 6 pot bain marie, industrial dishwasher, heated cabinet and ice machine.
Dumb waiter (food lift) delivers foot to both Ground and First floors.

First Floor: Accessed via internal stairs leading to a seating area for 30 people at wood tables and chairs.
Tiled walls and floors.

Tenure
19 years remaining on current lease (2012). Advised within the Landlord and Tenant act but unseen by Adams and Co.
Rent £38,000 per annum. Rates c£15,000 pa. Service Charge c£4,000 pa.