COFFEE SHOP/CAFE - BASILDON - Positioned in a highly sought-after location within a busy shopping centre in the town of Basildon. The business is long established and has been owned by our client for in excess of 12 years. The business presents a fantastic opportunity to acquire a long-established coffee shop/cafe in a highly-enviable location. The premises has been fitted to a high standard throughout, with a full complement of high-quality fixtures and fittings included within the sale price. Genuine reason for sale due to our client's retirement. Last pre-Covid accounts confirm net sales of approximately £6,300 per week (£7,550 per week gross sales), and we are advised the current turnover averages £6,500-£7,000 per week. Viewing recommended.
4 years unexpired on the lease at a rental of £40,000 per annum exclusive plus a service charge of approximately £12,000 per annum.
Situated in the heart of a shopping precinct, long and rectangular in shape with seating areas part enclosed with frosted glass partitioning.
The SERVING COUNTER AREA centrally located, equipped with 3-group coffee machine, coffee grinder, wash hand basin, till, Blue Ice ice-cream machine, small refrigerated display stand, large glass display counter, refrigerated drinks display counter, microwave, 2 x toasters, hot-water dispenser, coffee brewer, various cake display stands, Electrolux high-speed grill and various stainless prep tables with under-counter refrigeration.
To one side of the centrally-located serving counter is a SEATING AREA furnished to trade with tables and chairs to accommodate 34 covers, a display sign at the end of the seating area and a customer stand for sugar and stirrers. To the other side of the serving counter is another SEATING AREA furnished to trade with tables and chairs to accommodate 24 covers and a display sign.
A short walk from the main coffee shop / cafe area is a KITCHEN with tiled flooring, suspended ceiling, 2 x stainless steel sinks, chest freezer, various shelving/racking, dishwasher, stainless steel prep tables, ice machine, washing machine, tumble dryer, large double stainless steel fridge and large double stainless steel freezer, oven, table, fly-zapper and induction hob. A door off of this area leads into a WC.
A short walk from the kitchen area leads to a BASEMENT STORE ROOM which is currently equipped with various racking/shelving, 2 x chest freezers, 2 x spare panini press machines, spare tables and spare partitioning.
The business is run by the vendors on a part-time basis with the assistance of 3 full-time members of staff and 7 part-time members of staff. 8 am to 4 pm Monday to Friday, 8 am to 5 pm Saturday, 10 am to 4 pm Sunday.
We are advised the current turnover averages £6,500-£7,000 per week. The last pre-Covid accounts confirm net sales of approximately £6,300 per week (£7,550 per week gross sales).
We are advised that business rates payable are approximately £1,000 per month.
Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50.
Location
Occupying an extremely busy town centre position within a very well-known shopping precinct which is full of household names and multiple chain stores. The position gives enviable footfall that you can only get from a town centre location. The shopping centre provides public toilets and is attached to the main multi-storey car park.
Tenure
4 years unexpired on the lease at a rental of £40,000 per annum exclusive plus a service charge of approximately £12,000 per annum.
Premises
Situated in the heart of a shopping precinct, long and rectangular in shape with seating areas part enclosed with frosted glass partitioning.
The SERVING COUNTER AREA centrally located, equipped with 3-group coffee machine, coffee grinder, wash hand basin, till, Blue Ice ice-cream machine, small refrigerated display stand, large glass display counter, refrigerated drinks display counter, microwave, 2 x toasters, hot-water dispenser, coffee brewer, various cake display stands, Electrolux high-speed grill and various stainless prep tables with under-counter refrigeration.
To one side of the centrally-located serving counter is a SEATING AREA furnished to trade with tables and chairs to accommodate 34 covers, a display sign at the end of the seating area and a customer stand for sugar and stirrers. To the other side of the serving counter is another SEATING AREA furnished to trade with tables and chairs to accommodate 24 covers and a display sign.
Kitchen
A short walk from the main coffee shop / cafe area is a KITCHEN with tiled flooring, suspended ceiling, 2 x stainless steel sinks, chest freezer, various shelving/racking, dishwasher, stainless steel prep tables, ice machine, washing machine, tumble dryer, large double stainless steel fridge and large double stainless steel freezer, oven, table, fly-zapper and induction hob. A door off of this area leads into a WC.
Basement Store Room
A short walk from the kitchen area leads to a BASEMENT STORE ROOM which is currently equipped with various racking/shelving, 2 x chest freezers, 2 x spare panini press machines, spare tables and spare partitioning.
Staff & Trading Hours
The business is run by the vendors on a part-time basis with the assistance of 3 full-time members of staff and 7 part-time members of staff.
8 am to 4 pm Monday to Friday, 8 am to 5 pm Saturday, 10 am to 4 pm Sunday.
Turnover
We are advised the current turnover averages £6,500-£7,000 per week. The last pre-Covid accounts confirm net sales of approximately £6,300 per week (£7,550 per week gross sales).
Business Rates
We are advised that business rates payable are approximately £1,000 per month.
Legal Costs
Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
