»Featured Property
CAFE/SNACK BAR
Location: The business occupies a very prominent position just off the High Street close to multiples and various other retail outlets creating a high volume of pedestrian and motorist traffic flow. Kensington is, in general, an extremely affluent area, a trait that it now shares with its neighbour to the south, Chelsea. The area is well served by public transport and having underground station within a few minutes walking distance.
THE BUSINESS: In our clients ownership for the past three year who are now forced to sell due to other unrelated business commitments. On takeover our clients have spent considerable sum in refurbishing and equipping the premises with modern equipments. In addition to all day breakfasts, sandwiches. Other menu offered includes jacket potatoes, hot foods, chilli con carne, coffees, teas, etc.
The entire premises measures approximately 450 sq. ft in total and have sympathetically extended to accommodate 24 customers in comfort and welcoming atmosphere is created by the décor with spot lighting. As mentioned all the equipments are as good as new and briefly comprises of large deli-counter, drinks cabinet, cappuccino coffee machine, cash register, etc. To the rear is the kitchenette that houses cooker, chipper, extractor hood fridge & freezers and various other equipments related to the trade. A complete list will be provided to the purchaser at the appropriate time. To the rear is the toilet facility.
TURNOVER: We are advised that the weekly taking averages £1,700 achieving high margin of gross profits. In our opinion there is tremendous potential here to exploit the trade in younger enthusiastic hands
HOURS; 7.00 am to 5.00 pm Monday to Friday.
8.00 am to 4.00 pm Saturday. Closed Sunday
ACCOMMODATION: Lock up
TENURE: We are informed the premises are held on a lease with a balance of 7 years remaining with rent reviews every 5 years. Current rent payable £21,400 per annum. In our opinion the rent payable is very reasonable considering the area. Uniform business rates payable £6,500 per annum approx.
VIEWING: By appointment ONLY
PRICE: £55,000 plus stock at valuation (Stock: Minimum)
Category:
Cafe
Tenure: Leasehold
Price: £49,950.00
Ref. No: C1313
Location: Kensington
Lot Size: 0 Acres
Total Sq. Footage: 450 sqft
Parking Spaces 0 Cars
No. of Floors: 0
No. of Rooms: 0
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