Southchurch Road

A very long established business which was set up by our client in excess of 15 years ago, trading under the same ownership over that period of time. Our client has reluctantly brought the business to the market with a genuine reason for sale, due to ill health of a family member. The business trades with a menu that includes, but not limited to, breakfasts, sandwiches, omelettes, chips and pancakes to name a few. Cost of Stock to be paid on Completion. Viewing recommended. OUR REF: RX276275 - C6751E

Location

The premises is situated within a busy parade of shops which offers high levels of both pedestrianised and vehicular passing trade, also benefitting from having free time-restricted parking along the road in which it trades from. The premises is surrounded by various other business types including a Coral betting shop, Boots Pharmacy, beauty salon and petrol station to name a few.

Tenure

New lease available for a term to be agreed with our client's current rent payable at £7,200 per annum exclusive, however, a rent review would be applicable for the new lease.

Premises

Terrace retail shop with fascia board, extending awning over, glazed frontage and bi-folding doors leading into the premises which measures approximately 630 sq. ft. and is arranged as follows:

Main Cafe Area

currently arranged for a comfortable 20 covers but could accommodate more if required, benefitting from air conditioning, laminate flooring and suspended ceiling. At the rear left-hand side of the main cafe area is a serve-over counter and a chilled display serve-over counter with the area behind this equipped with a large display Coca Cola drinks fridge, under-counter freezer, wash-hand basin, till, blender, kettle, hot water dispenser and 2 x Rijo coffee machines.

Kitchen

Double saloon-style swing doors at the rear of the main cafe area lead through to KITCHEN equipped with stainless-steel double sink, dishwasher, chest freezer, twin-basket fryer, large single-basket fryer, small single-basket fryer, 2 x George Foreman grills with griddle to side, 3 x small extraction hoods, 6 x microwaves, 3 x 4-slice toasters, 2 x under-counter freezer, 2-slice toaster, slow-cooker, blender, stainless-steel prep table with under-counter refrigeration, fridge-freezer, saladette prep table with under-counter refrigeration, under-counter fridge and griddle. Another door at the rear of the main cafe area leads through to a WC with wash-hand basin.

Staff & Trading Hours

The business is run by the vendor on a full-time basis, with the assistance of 2 part-time members of staff and a couple of casual members of staff when required. Monday & Tuesday 9:30 am to 2 pm, Wednesday Closed Thursday to Saturday 9 am to 2 pm Sunday 10 am to 2:30 pm.

Turnover

We are advised turnover averages up to £2,000 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 £7,400 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.