Dessert Lounge and Cafe for Sale in Sunderland

  • Premium £75,000
  • £12,000/Annum
Washington, Sunderland
AVAILABLE BUSINESS & LEASE FOR SALE

Dessert Lounge and Cafe for Sale in Sunderland

Washington, Sunderland
  • Premium £75,000
  • £12,000/Annum

Description

Dessert Lounge and Cafe for Sale in Washington, Sunderland


MAIN FEATURES

  • Staff Managed Business for Sale
  • Circa 1497 Sq. Ft & 35 Covers
  • Modern Décor
  • Fully Fitted Commercial Kitchen
  • Large Shop front
  • Gas and Extraction in Place
  • Eligible for 100% rate relief

LANDLORD’S REQUIREMENTS

  • Rent deposit subject to references
  • Personal Guarantor subject to references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease Ending April 2033 (Inside the LTA 1954)
  • Passing Rent: £12,000 PAX
  • Rent Review : Every 3 years
  • Next Rent Review: April 2026
  • Premium: £75,000 (Business, Lease & FF&E)

THE PREMISES

  • Circa 1497 Sq. Ft
  • 35 Covers
  • Modern Décor
  • Fully Fitted Kitchen
  • Gas and Extraction in Place
  • Eligible for 100% rate relief
  • Opening Hours : Fri to Sun: (1:30am till 10:30pm) & Mon to Thu (1:30am till 9:30pm)

THE LOCATION

  • Washington, Tyne And Wear, NE37

TRADING & FINANCIALS

  • Trading as a Dessert Lounge and Hot Food Takeaway
  • Gross Sales Revenue: Circa £5,500/weekly (£286,000/year) (As per the vendor)
  • Currently the business is managed by 2 full time, 3 Part time staff and 2 Delivery Drivers.

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.


DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

Details

Updated on October 20, 2023 at 7:32 pm
  • Price: Premium £75,000
  • Size: 1497 Sq. Ft
  • Covers: 35
  • Use: Cafe/Dessert Lounge
  • Type: CAFES
  • Status: AVAILABLE

Overview

  • CAFES
  • Type
  • 1497
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

Enquire About This Property

Similar Listings

Compare listings

Compare
RPS_Agent
  • RPS_Agent