Situated in a busy location which during the summer months is bustling with people, as various events are taking place in and around the area. Our client purchased the business in 2017 and undertook a substantial refurbishment, fitting the premises out to the high standard which it is currently presented in, including high quality fixtures, fittings and equipment which includes a coffee machine and ice cream machine, both of which are owned outright. The business trades with a menu that includes breakfasts, pancakes, jacket potatoes, chillies, burgers, chips, toasties, sandwiches and hot dogs, whilst also offering a comprehensive children's menu and sweet treats. The business has a sectioned-off children's play area and an ice cream machine, which makes this a highly desirable area for families to visit. Good established turnover which still leaves scope to increase further. Viewing recommended. OUR REF: RX------ - C6739E
Location
Situated on the borders of Leigh-on-Sea, opposite the well-known and very popular Chalkwell Park which is exceptionally busy during the summer months. The area receives good walk-by trade and is on a busy main road within close proximity to a bus stop.
Premises
A terrace retail shop with small terrace decked area set out for 6 covers, extending awning over, fascia board, glazed frontage, double glazed entrance doors leading into the premises which measures approximately 746 sq. ft. and is arranged as follows:
Main Coffee Shop Area
Main Coffee Shop Area which is currently arranged for a comfortable 27 covers, but could easily accommodate more if required, hanging feature lighting and product display stand. To the back left-hand side of the main area is a children's play zone and at the back right-hand side of the main area is serve-over counter with cake display stands above, till system, wash-hand basin, table-top display fridge, 2-group coffee machine, coffee grinder, double Slush machine, under-counter display fridge, under-counter fridge and blender. Behind the children's play zone is an ICE CREAM STALL with chest freezer, stainless-steel prep table, blender and soft-serve ice cream dispenser.
Kitchen/Prep Room
An opening at the rear of the main area leads into a rear KITCHEN/PREP ROOM with various prep tables, George Foreman grill, 3 x panini press, double induction hob, single-basket fryer, domestic extraction over, chest freezer, 3 x microwave, 2 x toaster, washing machine, wash-hand basin, 3 x under-counter fridge. There are 2 openings off of this area, one leads into a DRY STORE with racking, the other leads through into a KITCHENETTE with fridge-freezer and stainless-steel sink. Off this area is a WC with wash-hand basin and another dry store room.
Tenure
New lease available for a term to be agreed with our client's current rental payable at £8,400 per annum exclusive. The landlord may require a rent increase in line with market value.
Trading Hours
The business is run by the vendors on a full-time basis, with the assistance of 1 part-time and 2 casual members of staff. 8 am to 5.30 pm Monday to Friday and 8 am to 3.30 pm Saturday. Closed on Sundays.
Turnover
We are advised turnover averages approximately £1,500 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 involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser.
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.
