Superb Well Fitted Coffee Shop & Sandwich Bar For Sale

Business description

Front area providing space for 3 tables and 9 chairs to

ATTRACTIVE SINGLE FRONTED COFFEE SHOP/SANDWICH BAR approx. 600 sq. ft. with Amtico flooring, spotlighting plus pendant lighting. Tables and chairs providing seating for 20 persons. Impressive counter with cool display section, electronic cash register, 2 group coffee machine, double panini toaster, sink, wash hand basin, 3-pot bain marie, toaster, 2-door stainless steel counter fridge, 2 microwave ovens, under-counter deep freeze etc.

Stairs to first floor also in the region of 600 sq. ft.

Customer's cloakroom with w.c. and wash hand basin

Kitchen, non slip floor, electric oven, upright stainless steel fridge, sink and drainer.

Storeroom with 2 chest deep freezes, stainless steel tables
In addition there are 2 further rooms.

It will be appreciated upon inspection that there is potential to convert the first floor area into small living accommodation, subject to the necessary planning permission.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (Please note that subject to negotiation the vendor is prepared to grant a shorter lease, if desired).

Uniform Business Rates: £2,900 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Location:

Situated in a parade, excellent trading position, town centre, HERTFORDSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover currently averages £1,800/£1,900 p.w. in our opinion offering tremendous potential for further increase, especially with deliveries and indeed actively offering buffets. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 4 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.