Seafront Bar & Restaurant With Accommodation For Sale

SEAFRONT BAR & RESTAURANT WITH ACCOMMODATION
PRICE: £149,000 plus SAV– LEASEHOLD
LOCATION – SEAFRONT, ESSEX
REF: C0048E
SEAFRONT BAR & RESTAURANT WITH ACCOMMODATION occupying a HIGH-PROFILE POSITION in this HIGHLY SOUGHT-AFTER AFFLUENT AREA that is uniquely located ON THE SEAFRONT - ESSEX. The premises has 36+ COVERS and benefits from UNINTERRUPTED SEA VIEWS along with being SURROUNDED BY HOTELS & GUEST HOUSES. The business has been ESTABLISHED AS AN EATERIE OVER 25 YEARS and had SIGNIFICANT INVESTMENT IN 2021 with a MAJOR REFURBISHMENT undertaken by my client who has brought it to market with a GENUINE REASON FOR SALE. The business is EXCEPTIONALLY WELL PRESENTED, furnished with QUALITY FIXTURES AND FITTINGS and is being sold with a FULL COMPLEMENT OF EQUIPMENT. The business is RANKED HIGH ON GOOGLE, TRIPADVISOR & FORK supported by a LOYAL & REGULAR CLIENTELE. Now MAINLY STAFF RUN we believe this offers HUGE POTENTIAL for a hands-on owner operator to significantly increase revenues. We are advised the current takings average £7,000 - £10,000 PER WEEK working to LIMITED HOURS, therefore offering PLENTY OF SCOPE. The premises are held on a secure lease at a current rental of ONLY £17,500 PER ANNUM INCLUSIVE OF THE 2/3 BEDROOM SELF CONTAINED FLAT. We are further advised business rates payable are £270 per month. We expect strong levels of interest, so an EARLY VIEWING IS ADVISED by sole agents ESSEX AND SUFFOLK BUSINESS SALES.