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Cafe for sale

High Street Wanstead, London, E11

£106,950
57 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 57 sq ft (5 sq m)

Key features

  • LEASEHOLD
  • Ref 14349 J

Full description

Tenure: Leasehold

LOCATION
Cafe Chicchi occupies one of Wanstead most sought after trading position on the High Street Wanstead, London . Directly facing the main bus station and less than 2 mins walk to Wanstead underground station, there is clear views to the park and Wanstead flats.

Wanstead is a suburban area in north east London, forming part of the London borough of Redbridge. It is an affluent area with period housing, independent retailers, restaurants , bars and coffee cafes , parks with lakes which were originally part of the Wanstead Manor Estate. Wanstead House is one of the finest Palladian mansions in Britain. Notable landmark is the former Wanstead hospital building, now a desirable housing complex.

The high street is accessed directly off the A12 Essex to London link road, London is 12 miles east and Romford 7 miles west.

There is a large pay and display car park directly behind the business.

BUSINESS
Hilton Smythe are delighted to present to the market Cafe Chicchi, owned by our client since late 2016 and now offered for sale due to personal reasons.

The business offered an extensive menu which includes a choice of over 27 sandwich fillings in bread or toasted, hot pasta dishes, chilled pasta options, kids meals, salads, side dishes, jacket potatoes with choice of fillings, a good choice of early morning breakfast options, omelettes, healthy options, waffle options, large choice e of sliced cakes, ice cream, smoothies, cold drinks, milkshakes, iced coffees and fresh bean to cup coffees.

Revenue is split 60% eat in and 40% takeaway sales.

The business has been awarded a 5 star food hygiene rating.

Our client has agreed a handover/training period if required.

PREMISES AND EQUIPMENT
Mid parade premise circa 57sq metres.

Front external - 16 x chairs and 6 chroming cafe styled tables, canopy.

Fully refurbished dining area and kitchen with beautiful sky light, local artists work hang on the walls, contemporary industrial lighting fittings throughout. New air con unit and over door heater.

Internal - 22 x covers with selection of small square tables and larger round tables for larger groups. Glass fronted double drinks fridge, curved glass fronted display chiller, table topped glass fronted hot food cabinet, till, card machine, fixed l shaped service counter, cctv with 3 x camera's and new contemporary lighting throughout.

Service area - hot water boiler, 2 x area semi auto coffee machine and grinder, 2 x under counter fridges, 3 x stainless steel prep tables and 2 x blenders.

Kitchen - soup kettle, Lincat griddle, 2 x commercial microwaves, wall mounted storage shelves, triple a steel prep fridge, 2 x chest freezers, hand wash sink, stainless steel preparation sink, 4 x ring electric oven, large Blizzard griddle, 2 x fryers, Polar table topped salad prep fridge unit, dishwasher, under-counter freezer, large extraction hood, racking and branded crockery.

Rear area - staff lockers, customer toilet and new electric boiler.

TENURE
We are advised Leasehold.
The original lease is 11 years.
As of 2017, 4 years remain, which is renewable.
Rent is 16,500 per year.

HOURS
The business opens:-

8.30am -5.00pm 7 days a week.

STAFF
The business is owners run with the assistance of 4-part time staff.

FINANCIAL PROFILE
The business reports turnover at 140,000 with gross profit at circa 70%.


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