Business for sale

Business description

Location Situated in a parade, main road trading position, Middlesex

We are informed the turnover averages £1,800/£2,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 75% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features 1 hour free parking

Front area with 2 tables and 4 chairs to -

DOUBLE FRONTED CAFÉ with industrial non-slip floor. Tables and chairs providing seating for 36 persons. Counter, hotwater boiler.

Open plan kitchen with stainless steel extractor unit, mainly stainless steel equipment, electric griddle, 1 upright stainless steel fridge, 3 additional white fridges, double deep fryer, 1 chest deep freeze, 3 upright small counter deep freezes, single sink and drainer, dishwasher, wash hand basin etc.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Staff The business is at present operated by a lady vendor with the assistance of 1 full time and 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening Hours Monday - Friday inclusive - 7 a.m. - 2.30 p.m.
Saturday opening - 7.30 a.m. - 1.30 p.m. only
NO SUNDAY TRADING

Outside Small yard at rear with parking for 1-2 cars

Tenure We understand the premises are held on a secure renewable lease having approximately 9½ years unexpired at a rental of £14,500 p.a. exclusive of rates for the next 4½ years, with rent to be agreed thereafter.

Uniform Business Rates: £3,500 p.a. approx. + water rates

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

RECOMMENDED FOR EARLY INSPECTION


Reference : R8581