Palmeira Parade

A LICENSED SEAFRONT CAFE/RESTAURANT which our client has owned and operated since 2005, bringing the business to market with a genuine reason for sale due to retirement. The premises is fantastically presented throughout with a full complement of fixtures, fittings and equipment included within the sale price. This premises benefits from a storage arch at the end of the parade which are highly desirable as there are limited numbers of those for the number of businesses there. Benefitting from low overheads along with zero business rates payable, this really is a fantastic opportunity. We really feel there is massive potential here and with uninterrupted sea views, we expect strong levels of interest so an early viewing is advised. REF: RX277489 - C6757E

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, day-trippers and tourists.

Tenure

New 10-year lease available with our client's current rent payable at £11,760 per annum exclusive for the cafe/restaurant premises and £1,638 per annum exclusive for the storage arch.

Cafe/Restaurant

With outside forecourt seating for 4 covers, semi-permanent canopy with electric retractable roof, glazed frontage and single glazed entrance door leading into the CANOPY with decked-style flooring and currently arranged for 18 covers.

Main Cafe Area

At the rear of the forecourt area is the main building with fascia board and roller shutter that opens up to lead into the MAIN CAFE AREA currently arranged for 18 covers with tiled flooring and hanging feature lighting. Around the middle left-hand side of the main area is a serve-over counter with counter-top till, telephone, 2-group coffee machine, coffee grinder and under-counter double display fridge.

Storage Arch

Located a few doors along the parade and equipped with 2 large fridges and a chest freezer. 

Staff & Trading Hours

The business is run by 2 vendors on a full-time basis, with the assistance of 2 part-time/casual members of staff. 9 am to 3 pm, 7 days a week, however, as with seafront businesses, this is seasonal where certain days will open later and certain days will close earlier, weather dependent. We are advised these hours are unrestricted so it leaves massive potential for a purchaser to increase these hours, which in turn would increase the turnover.

Turnover

Turnover information will be disclosed to seriously interested applicants on viewing the business.

Business Rates

The premises is subject to a rateable value of £10,500 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 leases to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new leases 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.