TEA ROOM & COFFEE HOUSE occupying a PRIME TRADING POSITION in this very busy SHOPPING MALL right in the heart of THIS ESSEX TOWN CENTRE. The shopping mall is directly accessed from the multi-story car park creating a HIGHLY ENVIABLE PASSING FOOTFALL and the shopping mall is secure, locked at night, has CCTV and a 24-hour security guard. The business was ESTABLISHED OVER 30 YEARS ago and had been operated under the SAME OWNERSHIP FOR 21 YEARS before being SOLD IN 2019 to our client who has brought it to market, PRICED TO SELL with a RELUCTANT & GENUINE REASON FOR SALE. Currently offering a wide and varied menu that incudes but not limited to all day breakfast options, sandwiches, toasties, baguettes, paninis, omelettes, jacket potatoes, ploughman's, afternoon tea along with a selection of homemade cakes, tray bakes and scones all complemented by an extensive drinks menu. Additionally the property benefits from 42+ INTERNAL COVERS & 30+ EXTERNAL COVERS. No trade is sold or warranted which is reflected within the asking price. EARLY VIEWING ADVISED. REF: RX------ - C6687E
Location
Located in the Shopping Centre right in the heart of the town, it offers a great mix of high street names and boutiques, including fashionwear, every-day products, eateries and department stores creating a highly enviable footfall.
Tenure
There are approximately 4 years unexpired of a 10-year lease at a rental of £21,000 plus VAT per annum exclusive. We are advised the last annual service charge was £1,116.36.
Exterior Front
An imposing double-fronted 2-storey 16th century listed terraced premises benefitting from a well branded display fascia along with wall-mounted advertising sign, period feature windows which are of a cottage and style sash type. The shop front has almost floor-to-ceiling display windows to the left-hand side of a wood-framed, part-glazed door entrance into the tea room/coffee house. The premises also have permanently fixed solid wood type bench style seats and tables in the courtyard with parasols.
Ground Floor Tea Room/Coffee Shop
A square type shop area with Amtico flooring throughout arranged with 12+ covers that is tastefully decorated with quality fixtures and fittings. As you enter the coffee shop, centrally located within the seating area is a full width, bespoke, scorched timber type till serving counter incorporating a refrigerated serve-over fridge with cold storage, open refrigerated drinks display and a warming cabinet.
Kitchen
Directly behind the till serving area the open kitchen is fully equipped with 2 x microwaves, double panini grill, 6-slice toaster, 3 x under-counter fridges, under-counter freezer, hot water urn, filter coffee pot, coffee grinder, 2-group coffee machine, domestic oven with grill and 4-ring induction hob, small commercial dishwasher, blender, electronic till, Just Eat terminal, double sink unit and a hand wash sink. Towards the right-hand side of the tea room/coffee house there is a door leading to CUSTOMER TOILETS and as you enter the tea room/coffee house there is a large staircase to the first-floor seating area.
First Floor
Stairs lead you to the first-floor seating area arranged as 30+ covers in tastefully decorated surroundings that include wood type flooring, period features such as exposed beams and comfy leather type Chesterfield sofa, floral centrepieces and wall-mounted chalk board menus. The first floor is additionally equipped with a large chest freezer and a single chest freezer.
Staff & Trading Hours
Currently staff run under management. Monday to Friday 8.30am - 4pm, Saturday and Sunday 8.30am - 4pm.
Turnover
Peak historical sales averaged £4,000 per week with further information available to seriously interested parties only. No trade is sold or warranted which is reflected within the asking price.
Business Rates
We are advised business rates payable of £150 per month over a period of 10 months.
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's reasonable legal costs to be split 50/50. The purchaser is to be responsible for Gilbert & Rose's agency fees.
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.
