Business for sale

Business description

Situated busy road, densely populated residential area Middlesex

Turnover WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx. It will be appreciated upon inspection that the business could be continued in its present form as a Café/Restaurant and in our opinion, in view of the densely populated residential area, there is potential to develop the business as a Licensed Restaurant, subject to obtaining the necessary Licence for the sale of wines, beers and spirits.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Outstanding opportunity to acquire an old established Café/Restaurant, which has been in the same hands for the past 20 years and there are genuine reasons for sale.

No parking restrictions

Front garden area ideal to be developed as a patio seating area.

Spacious Café/Restaurant with 3 windows. Porcelain tiled floor, fluorescent lighting, ceiling fan. Fixed tables and chairs for 36 persons (can be increased to 44 persons, if desired). Counter.

Large kitchen with quarry tiled floor, 5 stainless steel tables, double sink and drainer, 6-burner gas cooker, double deep fryer, stainless steel extractor, fridge/freezer, hot water boiler, 2 microwave ovens, double door stainless steel counter fridge, 2 fridges etc.

Large Cellar, ideal for storage, with 2 chest deep freezes

Staff The business is at present operated by the vendor with the assistance of 2 full time plus 1 part time staff.

Opening Hours Monday - Friday inclusive - 6.30 a.m. - 3.30 p.m.
Saturday opening - 6.30 a.m. - 12 noon
NO SUNDAY TRADING

Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the Café at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £1,800 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R7596