Business for Sale in Watford, Hertfordshire - Very busy Town Centre Cafe / Restaurant: Watford - Business: £300,000 (Offers in excess of)

Key Information

Ref
R33864B
Type
Food Service Businesses: Cafes
Location
England: Hertfordshire
Tenure
Leasehold
Status
For Sale
Weekly Sales
£12,000 Ex Vat
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  • Award winning coffee shop and cafe / restaurant
  • Rated in the top 10 Trip Advisor locally
  • Prime High Street location
  • 104 Covers (inside and outside)
  • New 20 year lease
  • Rent £44,000 per annum
  • Rates £1,420 per month
  • Weekly takings £12,000 excluding VAT

Everett Masson and Furby are deligthed to present to the market a very business cafe / restaurant located in a prime position on Watford High Street.

The business was established some 12 years ago by an experienced and successful restaurant owning family and is being reluctantly sold as a corporate disposal in order to release funds for a different business operation.

The concept of the business is that it operates as a cafe and coffee shop from 7:00 am to 3:00 pm, serving hot and cold meals from a simple menu. After 3:00pm the business is transformed to a family / casual restaurant with a completely different menu.

Over the years the business has built up a good name locally and this is reflected in the current position of number 7 out of 200 Watford restaurants on Trip Advisor. More recognition has also recently been received as the restaurant was the recipient of a top award in the Watford BID Service Excellence Aards 2019.

Early viewing is highly recommended. Please note that under no circumstances may applicants view without an appointment through sole agents Everett, Masson and Furby.

Offers are sought in excess of £300,000 for the leasehold business, goodwill, fixtures and fittings etc. Note that the buyers will not consider offers below the asking price.


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