Restaurant/cafe for sale in Rainham Road South, Dagenham RM10

Our client established this business 37 years ago, and has now been brought to market with a genuine reason for sale due to retirement. The business, with a stellar reputation earned during our client's ownership, boasts a 5-star TripAdvisor rating and a 4.8-star Google review. The well-furnished premises, complete with equipment, fixtures and fixtures, are all included in the sale price. Despite a solid established turnover, there is potential for growth by extending trading days and times, as the business currently operates only until 1:30 pm. RX366012

Location

Situated in an excellent trading position within a well-established parade of shops, the premises is located conveniently close to a local primary school and surrounded by a variety of other businesses such as a solicitors, tanning salon, and hair salon, among others. This location enjoys significant passing trade from both pedestrians and vehicles

Tenure

15-year lease at a current rental of £10,000 per annum exclusive

Premises

An end of terrace retail shop with facia board, electric roller shutter, glazed frontage and single glazed entrance door leading into the premises which measures approximately 631 sq. Ft. And is arranged as follows:

Main sandwich bar area with tiled flooring, hanging lighting, speaker system, air conditioning unit, currently arranged to accommodate 12 covers with the tables and chairs to the right hand side of this area. To the left hand side is a serve over counter, product display unit, heated product display unit, chilled serve over counter behind which is the

Preparation Area

The preparation area is equipped with bread slicer, coca cola drinks display fridge, till system, product display shelving, 2 x microwaves, 2 x under counter display fridge, under counter fridge, automatic coffee machine, hot water dispenser, large buffalo panini press, griddle with extraction over, double induction hob, 4 slice toaster and lincat ban marie. To the back right hand side of the main area is a small office which houses the CCTV. A further door at the rea leads through into a preparation room which is equipped with large upright stainless steel freezer, meat slicer, grater, under counter fridge, under counter freezer, large upright fridge, oven, large single basket fryer, domestic extraction above, stainless steel sink, dishwasher and large upright stainless steel fridge. A door from the right of this area leads into a WC with wash hand basin

Transport Option

There are two vans which our clients own and utilise for the business which can be made available under separate negotiation if required

Trading Hours

Monday to Saturday 6.30am-1.30pm, closed on Sundays

Staff

Vendors run the business on a full time basis, with the assistance of 6 part time members of staff

Turnover

We are advised turnover averages £5,500-£6,000 per week working to the usual high gross profit margins associated with the trade. Full financial information can be made available to seriously interested applicants following a viewing of the business

Business Rates

The premises is subject to a rateable value of £9,500 resulting in zero business rates payable, should small business rate relief apply to a purchaser

Legal Costs

Each party are to be responsible for their own, with the landlords legal costs to be split 50/50

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission