Restaurant/cafe for sale in Manor Croft Parade, College Road, Cheshunt, Waltham Cross EN8

Restaurant/cafe for sale
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Property description

Hilton Smythe welcomes to the market 3 Manorcroft Parade, which is currently a Subway store, however, due to the amount of Subway stores in the area, the business will be closing and the ongoing lease will be available.

This is an ideal opportunity for someone to take over the premises and rebrand.

Hilton Smythe highly advise early viewing to avoid disappointment.

Manorcroft Parade is located The Old Pond in Cheshunt, Hertfordshire, a prime shopping area in this thriving town which is located just a few miles north of junction 25 on the M25.

There are many other independent businesses that bring a good footfall to this highly populated area, along with a bus stop directly outside, this is a great location for any food related business.

There is a shutter to the front of the shop and a full glass front with double opening doors leading to the main restaurant area with air conditioning and CCTV.

The café currently has seating for around 20 diners with room for further seating. Within this area is a drinks fridge and cold drinks machine.

To the rear of the café are is the staff/customer toilet.

Servery area

Double picker fridge, under counter fridges, coffee machine, toaster, cooker, microwave, sinks, storage and access to the preparation area.

Preparation area

2 x1 walk in chiller, a 2 x 1 walk in freezer, sinks, racking, stainless steel preparation tables and a door to the lobby way to the rear which has the Pepsi machine and access to the rear.

Parking area to rear

Parking for 1 vehicle within the lease.

We are advised the entire premise was fully refurbished and fitted out in 2016, but the assets, fixtures and fittings will not be included, and are listed to demonstrate the potential.

We are advised the business is being sold as a leasehold business opportunity with a 15 year lease from 2016 and an annual rent of £18,000.

Rates are currently being paid at £6,000 per annum, however, it would be advisable for the new purchaser to look to reduce these rates.

The business opening hours:

The business was previously open 7 days a week, however, it would be up to the new owner to set the hours.

It will be up to the new owner to staff the premises accordingly.

Financial Profile
The business was previously extremly profitable

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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