Cafes for sale in Ilford

View the "European Cafe Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £50,000 Annual Turnover: £130,000
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Business Description
Property Description
The property consists of front retail area homely decorated restaurant/cafe with 36-seater capacity including private dining rooms as well as a licensed bar. This is then followed by customer WC, storage, and kitchen and first floor office area.

Location & Surroundings
The property is located close to the A12 which benefits from transport links via public and private transport.

The surrounding areas are densely built up with residential property which results in a high demand for local trade. The restaurant is situated on a long high street with is surrounded by local businesses including solicitors, estate agents, post offices, and local pubs.

Business Description & Takings
The business currently caters for European cuisine and boasts from a strong residential following within the local community.

The business benefits from overhead flues, large cooker range, fridge and freezer units, and other ancillary kitchen utensils and necessities. The business also comes with an alcohol licence with a fully serviced bar.

Oakville Real Estates have been advised that the current taking of the business is currently around £2,500pw (unverified).

Opening Times & Staffing
Currently the business is open from Monday to Sunday. The business is currently being facilitated by 3 members of staff.

Tenure & Lease Terms
This leasehold interest is held on a 12 year lease with 11 years remaining at a passing rent of £15,000 per annum. The lease will be reviewed on a 3-yearly rent review.

Premium
Owner is seeking offers of £50,000 - £75,000 for the leasehold interest and business goodwill

Legal Costs
Tenant to pay a contribution towards the landlord’s solicitor’s costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Tenure: Leasehold

Location Details:

The property is located close to the A12 which benefits from transport links via public and private transport.

The surrounding areas are densely built up with residential property which results in a high demand for local trade. The restaurant is situated on a long high street with is surrounded by local businesses including solicitors, estate agents, post offices, and local pubs.

Leasehold Term:

This leasehold interest is held on a 12 year lease with 11 years remaining at a passing rent of £15,000 per annum. The lease will be reviewed on a 3-yearly rent review.

Downloadable Documents

Listed by: Oakville Real Estates
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