Restaurant for sale

Between Chelmsford & Colchester CM77

Coffee shop & bagel bar with alcohol licence

Price £29,500 Plus sav
Location between chelmsford & colchester essex

Ref C0146E
Strictly confidential sale

Coffee shop & bagel bar with alcohol licence occupying a high-profile position on a very busy one-way road within the town centre, ideally situated between chelmsford & colchester, essex. The business enjoys excellent visibility and benefits from high levels of passing footfall and vehicular traffic, attracting both regular local customers and visitors alike. Measuring approximately 400 sq. Ft. The premises are exceptionally well presented throughout and have been fitted out with high-end quality fixtures and fittings, creating a modern and welcoming environment. The business is offered with a full complement of equipment and has been brought to market with a genuine reason for sale, allowing a new owner to continue trading immediately. We are pleased to confirm takings of between £1,500 and £2,000 per week, achieving an impressive high gross profit margin, whilst still offering huge scope to further increase revenues and profits. We believe there is considerable potential to maximise the benefit of the alcohol licence, extend the current trading hours, develop an evening offering, introduce delivery platforms and further expand the menu. The premises are held on a secure lease at a current rental of £12,600 per annum exclusive and benefit from zero business rates payable, resulting in exceptionally low overheads. Opportunities of this calibre rarely become available, and we therefore expect strong levels of interest in this successful & entry-level business, ideally suited to a hands-on owner-operator or an existing catering business looking to expand into the area. Essex and Suffolk business sales are delighted to be instructed as sole agents in the sale of this excellent business and strongly recommend that an early viewing is highly advised.

Please Note: There is no extraction canopy.