Palmeira Arches

A wonderfully presented and very busy licensed seafront restaurant/cafe trading from a highly enviable and sought-after parade, which is very well known, referred to as The Arches. Our clients have owned and operated the business since 2019 where they undertook a substantial refurbishment of the premises, fitting it out to a very high standard and are now bringing the business to market with a genuine reason for sale. The premises is wonderfully presented throughout, with a full complement of fixtures, fittings and equipment included within the sale price. The business has built up a fantastic reputation over our client's period of ownership, supported by a 5* Tripadvisor rating, 4.7* google review and 4.9* facebook rating. Good established turnover which still leaves scope to increase further incorporating a delivery service, which our client has chosen not to do. Cost of Stock to be paid on Completion. Viewing advised. OUR REF: RX286796

Location

The premises occupies a prime seafront position within the ever-popular Palmeira Arches, Westcliff-on-Sea. The premises benefits from lay-by parking directly to the front, with high levels of parking all along the seafront which creates an enviable passing trade from locals, daytrippers and tourists.

Tenure

New lease available for a term to be agreed, with our client's current rent payable at £11,670 per annum exclusive.

Cafe/Restaurant

With outside forecourt seating for 4 covers, semi-permanent canopy with electric retractable roof and single glazed entrance door leading into the CANOPY with decked-style flooring and currently arranged for 22 covers.

Main Internal Area

At the rear of this area is the main building with roller shutter that opens up to lead into the MAIN INTERNAL AREA currently arranged for 13 covers with spotlighting. At the back right-hand side of the main area is an L-shaped serve-over counter behind which is a 2-group coffee machine, coffee grinder, hot water dispenser, under-counter fridge, large upright display fridge, till and overhead drinks display shelf. 

Kitchen

An opening from behind this area leads into the KITCHEN currently equipped with stainless-steel sink, various stainless-steel prep tables, large upright stainless steel freezer, dishwasher, stainless steel sink, double pizza oven, commercial extractor system, large deep fat fryer, 4-hob oven, griddle, stainless steel prep table with under-counter refrigeration, 2 x microwaves and under-counter fridge.

Staff & Trading Hours

The business is run by the vendor on a full-time basis, with the assistance of 1 full-time chef, 1 part-time chef, 1 part-time waitress and 5 casual members of staff. Our client trades 7 days a week for 10 months of the year, March to December, 9 am until 5 pm Monday to Wednesday, 9 am till 9 pm Thursday and Friday, 8 am to 8 pm on Saturday and Sunday. In January and February, our client trades 6 days a week at the same times.

Turnover

Turnover averages £4,500 to £5,000 per week working to the usual high gross profit margins associated with the trade. Full financial information can be made available after a viewing of the business, with client's permission.

Business Rates

The premises is subject to a rateable value of £10,000 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.