Busy Local Café in Essex - Option to Seller Finance

Frinton-on-Sea, Essex
REF: R07641

Asking Price:
£34,500
Annual Turnover:
£45,000
Annual Net Profit:
TBC
REF: R07641

Overview

Tenure:
Leasehold
Established:
TBC
  • Huge growth opportunity
  • Well-equipped premises
  • Low overheads
  • Spacious premises
  • Equipment included

The business for sale is a popular local café located in Essex. Ideally situated on the busy main road of a sea-side town, the café benefits from high-levels of footfall, attracting visiting tourists and local regulars alike.

With a varied menu including cooked breakfasts, sandwiches, burgers and more – the business has gained a good reputation for their fresh, tasty food and great value for money.

Customers can either enjoy their food in the welcoming, 36 cover premises, or take advantage of their convenient takeaway service.

The business is offered on a leasehold basis (5, 10 or 15 years to suit the buyer) with rent payable at an extremely reasonable rate of £830 P/M. The low rent, combined with zero rates, makes this an extremely affordable offering for a potential purchaser.

The vendor is also offering seller finance with a £12,000 upfront payment and a loan of £25,000 re-payable over 5 years.

Ideally situated in the seaside town of Frinton-on-Sea, the business boasts on-site car parking and good local transport links. After a change of use to A3 in recent years, there was a full programme of renovation costing in excess of £60,000 – bringing with it a great deal of value and a good reputation. Customers are greeted by a welcoming entranceway with glass doors, entering into the main café area. A well maintained, neutrally decorated space, the café can seat 26 covers - with seating for an additional 10 on the spacious forecourt. To the rear of the room is access to a customer toilet, ordering counter, and a fully equipped kitchen.

All of the relevant fixtures and fittings are included within the advertised sale price, meaning a purchaser could commence trading from day one. This also includes a newly purchased wide griddle and a twin 20-litre fryer.

The vendor has advised they are looking for a lease of either 5, 10 or 15 years to suit the new buyer.

This is the perfect opportunity for a passionate individual looking to be their own boss in a busy, customer facing role.

Currently only opening in the morning five or six days a week, extending the hours of operation would see the business grow exponentially. The business’s license would allow a take-away service to be available until as late as 11:00pm. A three bed flat above the premises, presently occupied on a shorthold lease, could also be available in the not too distant future.

The vendor is also offering seller finance with a £12,000 upfront payment and a loan of £25,000 re-payable over 5 years.

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  • On-site car parking
  • Good transport links
  • Residential area
  • Close to local businesses
  • Close to schools
Rent
£0
Rates
£0
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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