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FREEHOLD INVESTMENT & FUNCTION ROOM HIRE
For Sale
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Description : |
Advent Business Sales is pleased to have
been instructed to offer to the market this
excellent investment property with attached
in house buffet service business.
Although the premises in part, dates back
over 60 years, various extensions and
additions have resulted in the building
having 4 different titles at the land registry
office.
The present vendors purchased the premises
in 2006 and divided them up to be suitable
for letting purposes and for function room
hire.
The vendors have now reluctantly decided to
sell the premises as they are planning to
emigrate.
The current income for the 6 separate areas
amount to £3608 per calendar month,
payable monthly in advance.
The two function rooms are booked on
average 4 days per week by quality
customers such as Bedford Borough and
County Councils, the police and local
security firms. This equates to a monthly
income of £3600 on average.
In addition to these incomes, the business
provides a buffet service for those using the
function rooms, for which the average cost is
£2000 per month. Gross profit on the buffet
service is approximately £1,300 per month.
The whole site therefore contributes a gross
income of £8500 a month or £102,000 per
annum.
The business only has the need to employ one
full time employee to prepare and serve the
buffets.
REF: 8856MK |
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Trading Hours : |
Mon – Fri: 8.00am – 6.00pm
Sat - Sun closed |
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Staffing : |
The business only has the need to employ one
full time employee to prepare and serve the
buffets. |
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Tenure : |
Freehold
We are advised that the annual business
rates are currently: £4000 |
Request more information on this business for sale:
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