| (REF: R3022) Spacious Well Established Coffee Shop/Restaurant |
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| Seller Reference: |
R3022 |
| B4S Reference: |
30457 |
| Asking Price: |
£225,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£416,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Hertfordshire, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a well established Coffee Shop/Restaurant catering for breakfasts, snacks, lunches, teas & coffees.
Front area with space for 3 tables plus 8 chairs. In addition, close by is a large additional area leased from the landlords at £3,000 p.a. with tables and chairs providing seating for approximately 50 persons.
The SPACIOUS COFFEE SHOP/RESTAURANT is double fronted and has double doors probably in the region in total of 1,400 sq. ft. with laminated strip floor. Tables and chairs providing seating for 78 persons. Long serving counter with hot display section, cool cake display section, large cool display serveover counter (for pies, sausage rolls etc).
OPEN PLAN KITCHEN AREA behind counter with stainless steel extractor, large griddle, double deep fryer, 2 microwave ovens, 2 3-door stainless steel counter fridges, 1 2-door stainless steel counter fridge, ice cream deep freeze, 2 group coffee machine, coffee grinder.
WASH-UP KITCHEN the equipment including bake-off oven, upright double door stainless steel fridge, 3-door stainless steel counter fridge, sink and drainer, commercial dishwasher
Cloakroom with w.c. and wash hand basin
Stais to first floor large area used for storage purposes with 2 fridge/freezers, 1 fridge, upright deep freeze, chest deep freeze
WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit in excess of 70%.
We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £63,500 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter. In addition we understand there is a current service charge of £12,000 p.a.
Uniform Business Rates: £17,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £225,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Sought after shopping centre, just off the High Street, HERTFORDSHIRE |
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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 - 8 a.m. - 5.30 p.m.
Sunday opening - 10 a.m. - 4 p.m. |
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The business is at present operated by a husband and wife team with the assistance of their son on a part time basis plus 2 full time and 3 part time staff. |
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