The Broadway

Here’s your opportunity to own a highly rated, well-established daytime coffee shop and pizza/pasta restaurant/takeaway in the heart of Thorpe Bay! This business has built a strong reputation for excellent food, service, and atmosphere.

Key Features:

Prime location in a busy, high-footfall area of Thorpe Bay
Fully licensed
Popular coffee shop offering quality brews and light bites
Renowned for delicious pizza, pasta dishes, and takeaway options
Loyal customer base and strong online reviews supported by a 4.5-star rating on TripAdvisor and a 4.2-star rating on Google
Excellent potential for growth
Modern, well-maintained premises with ample seating and takeaway counter
Easy to manage with experienced staff in place
This is a turnkey business ready for its new owner to take over and continue its success.

This is a genuine sale due to the vendor’s ill health and retirement, providing an excellent opportunity for a new owner to take over a thriving business.

Whether you're looking to expand an existing portfolio or enter the hospitality industry, this opportunity is not to be missed!

For more information and to arrange a viewing, please contact us now. OUR REF: RX257486

LOCATION

The business is very well known. Trading from a sought after shopping parade within the desirable South Essex commuter town of Thorpe Bay. The business benefits from a nearby pay and display car park and ample on street parking.

SHOP

A terraced lock-up shop with full glazed frontage. The front outside terrace holds 20+ covers. Bi-fold powder-coated aluminium doors opening to the front counter with refrigerated patisserie counters, behind-counter preparation area for hot sandwiches etc, full range coffee machine, 2 sinks and various under-counter refrigerators for wine and food supplies. Air conditioning. CCTV operating system covering the entire premises, inside and out, fire alarm system.

OPEN KITCHEN

Open kitchen comprising of a double pizza oven, pizza preparation area, deep fat fryer, 4-ring induction hob, 6-basket pasta boiler and under-counter refrigerators. Canopy extraction system.

DINING AREAS

Opposite the open kitchen is a breakfast bar seating 8+ covers. Beyond the open kitchen is the dining area providing 38+ covers. This is a light and bright area with the added bonus of a glass atrium-style frosted skylight. Air conditioning. Emergency exit.

COMMERCIAL KITCHEN

Commercial kitchen and preparation room with full-height freezer and fridges, double sink, hand-wash sink. Aluminium preparation table, pizza dough machine, electric slicer, storage racking, commercial dishwasher, chest freezer, industrial microwave. Back door opening onto fenced area for waste. Private parking.

TOILETS

Disabled toilet with baby changing facilities. Stairs down to separate ladies, mens and staff toilets.

STAFF & TRADING HOURS

The business is run by the vendor with the assistance of 1 full-time and a pool of other staff on zero hour contracts. Monday to Saturday 7.00 am to 9.30 pm. Closed Sunday. There is obvious potential to open on Sundays and later in the evenings.

TENURE

25 year lease from the 1st February 2018 at a current rental of £24,000 per annum exclusive, subject to 5 yearly rent reviews with the next one due in 2028.

TURNOVER

Net takings on most recent year end accounts of £619,000. Accounts available to seriously interested applicants following an inspection of the business.

BUSINESS RATES

Rateable value £11,750 qualifying for small business rate relief resulting in zero business rates payable.

LEGAL COSTS

Each party are to be responsible for their own legal costs incurred in this transaction plus 50% of the landlord's legal costs.

INVENTORY

A detailed inventory of equipment, fixtures and fittings included within the sale will be provided by the sellers.

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.