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Cafe In Same Family Hands Since For Sale

Essex
Asking Price:
£10,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

The Cafe has been owned by the same family since 1932. Located at 1st floor level of the historic Romford Shopping Hall. Offering a traditional Cafe menu with breakfast, lunch and snacks both to eat in or take away. Internal seating for 38 with another 48 in the front covered shopping mall. Meticulously maintained with a 5 Star Hygiene Rating. Open Monday to Saturday 8.30am till 4-5pm.

Turnover:
The accounts for the year ended 31st July 2017 show sales of £124,013

Rent:
£779.54p per week including VAT, payable in advance. The landlord recovers the cost of gas, electricity and water charges from the tenant, which currently stands at some £152 per week.

Business Rates:
These are included within the weekly rent.

Legal Fees:
Each party is to be responsible for their own legal fees.

Landlords Requirements:
The new tenant/occupier will need to provide the landlords with references to show they are capable of meeting the rental commitment.

Energy Performance Certificate:
A copy of the EPC is available on request.

Property information

Property:

Leasehold

Location:

Property:
On the 1st floor of Romford Shopping Hall in this historic Market Town. The main Cafe provides for 38 covers, with electric security roller shutter, with another 48 externally within the covered shopping Mall immediately outside. Service counter/servery, behind which are the fully equipped kitchens. A store is also included on the 2nd floor which provides adequate space for the business.

Business Operation

Trading hours:

Monday to Saturday 8.30am until between 4 & 5pm. The Shopping Hall is open on Sunday.

Employees:
Staff: The Cafe is managed by the vendors wife with 3 full time staff, and 4 on market days which are Wednesday, Friday and Saturday.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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