| (REF: R1535) Spacious Café/Restaurant |
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| Seller Reference: |
R1535 |
| B4S Reference: |
20546 |
| Asking Price: |
£75,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£182,000 |
| Number of Staff: |
4 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Surrey, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a spacious Café/Restaurant in 1950s theme catering for traditional English food including breakfasts, snacks, lunches, sandwiches etc.
Electric shutters to SPACIOUS DOUBLE FRONTED CAFÉ/RESTAURANT. Air conditioning/heating. Laminated strip floor, wall and ceiling lighting, 3 ceiling fans. Tables and chairs plus bench seating providing seating for 68 persons. 2 cool display serveover countes each with storage section, electronic cash register, illuminated menu display, hot display cabinet, stainless back work surface, 3 soft drinks dispensers, double panini toaster, double door glass fronted counter fridge, Lincat hotwater boiler, 2 group coffee machine, 2 coffee dispensers (on loan), milk dispenser, 2-door counter fridge, small display fridge (on loan from Coca Cola), 3 slimline drinks display fridges (all on loan from Coca Cola).
From the Café/Restaurant there is rear access to a yard area having 12 tables and 48 chairs, ideal for customers (weather permitting).
Level kitchen fully equipped including new stainless steel canopy, electric griddle, 2-pot bain marie, double deep fryer, 4-pot bain marie, 2 6-slice toasters, 3-door stainless steel counter fridge with marble top, 1 upright deep freeze, 1 small upright fridge, jacket potato oven, additional stainless steel extractor with large griddle, 6-burner gas cooker with double oven, additional 3-door stainless steel counter fridge, deep fryer, dishwasher, double sink and drainer etc.
Storeroom with 3 chest deep freezes
Office
Ladies cloakroom with 2 w.cs, wash hand basin, mirror
Gentlemens cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover currently averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 70% approx.
We understand the entire premises are held on a lease having 12 years unexpired at a rental of £32,000 p.a. exclusive of rates, with rent review in 2 years time. We further understand the landlord will consider a surrender of the existing lease and the granting of a new lease at rent and terms to be agreed. (It will be appreciated upon inspection that with the rental income of £400 p.w. from the accommodation, the net rental currently payable is only £21,200 p.a).
Uniform Business Rates: £10,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The SPACIOUS living accommodation all refurbished and with FULL GAS FIRED CENTRAL HEATING, comprises:
4 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Kitchen
The rooms are currently let on shorthold tenancy agreements and provide a combined rental income of £400 per week. These arrangements can continue or we understand vacant possession can be given on completion, if the accommodation is required for personal use.
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Location: |
Situated in a parade, excellent trading position, SURREY |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 7 a.m. - 5.30 p.m.
Sunday opening - 9 a.m. - 4 p.m. |
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The business is at present staff operated. Staff employed 1 full time manager, 2 full time plus 3 part time staff. In addition at weekends 3 part time staff are employed. Wages paid in the region of £1,200 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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