£120,000

Restaurant for sale

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Sold STC

£120,000

Restaurant for sale

Licensed Coffee Shop, Leigh-On-Sea SS9

Local area information

Property location

Nearby amenities

  • Belfairs Academy 0.6 miles
  • Hadleigh Infant and Nursery School 0.6 miles
  • Leigh-on-Sea 0.8 miles
  • Chalkwell 2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

A fantastically presented and high volume cafe/coffee shop has come to the market offering a rare opportunity to acquire a business of this ilk. The premises is situated in a fantastic trading location which is very busy, providing high levels of passing trade. The premises is fitted out to a very high standard with high quality fixtures, fittings and equipment which is all included within the sales price. Our client acquired the business in 2019 and undertook a substantial refurbishment getting the premises to the standard it is currently presented in. Very strong established turnover but still leaves scope to increase further as our client currently does not offer any delivery service which we feel would greatly increase turnover and profitability. There is further scope to increase the turnover by extending the trading days and times, with the premises being licensed for the sale of alcohol until 10.30 pm. Cost of Stock to be paid on Completion. Viewing recommended. Our ref: RX277509 - C6756E

Location

Situated on a busy road with good vehicular and pedestrianised passing trade, surrounded by many well-established businesses including a large public house and opposite a busy supermarket

Tenure

10-year lease at a current rental of £8,000 per annum exclusive

Premises

A terraced retail shop with forecourt turfed seating area currently arranged for a comfortable 8 covers with enclosed flower bedding, umbrellas over, fascia board, half-glazed frontage and single glazed entrance door leading into the premises which measures approximately 734 sq. Ft. And is arranged as follows:

Main Cafe Area

Currently arranged for a comfortable 25 covers with integrated speaker system, hanging feature lighting, faux-leather chairs, u-shaped window seating, wooden tables and padded chairs. At the rear of the main area is a serve-over counter with counter-top cake display stands, till system, and display wine fridge. Behind the counter is a 2-group coffee machine, coffee grinder, stainless-steel sink, beer tap, triple under-counter display fridge and alcohol/drink racking

Kitchen

A door at the rear of the main area leads through to a kitchen currently equipped with large upright freezer, double Buffalo panini press, 4-slice toaster, 2-slice toaster, stainless-steel shelving, dishwasher, large stainless-steel sink, stainless-steel prep table, commercial microwave, small fridge freezer, large fridge, commercial extractor system, large twin-basket fryer, single-basket fryer, 6-burner range/oven, wash-hand basin and prep table

Store Room

An opening at the back right-hand side leads through to a store room currently equipped with 2 x chest freezers, fridge freezer, scales and shelving

Rear Courtyard

A door from this area leads to a rear courtyard area for bin storage and 1 designated parking space under the terms of the lease. Another door at the back right-hand side of the main cafe area leads through to a WC with wash-hand basin

Staff & Trading Hours

The business is run by the vendors with the assistance of a chef. Tuesday to Sunday 9 am to 3 pm. Closed on Mondays. We are advised the premises is licenced for the sale of alcohol until 10.30pm

Turnover

We are advised by our client that the turnover averages £5,000 per week working to the usual high gross profit margins associated with the trade

Business Rates

The premises is subject to a rateable value of £8,000 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 landlord's legal costs to be split 50/50

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Gilbert & Rose Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Gilbert & Rose Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Essex
  4. Leigh-on-Sea
  5. London Road

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