Restaurant for sale
Property description & features
Rooms
Location
The business occupies a prime seafront position within the ever-popular Palmeira Arches, Westcliff on Sea parade of cafes, restaurants and ice cream kiosks. The parade benefits from lay-by parking in addition to an abundance of parking available all the way along the seafront, which in turn creates a highly enviable passing trade from locals, regulars, day trippers, holiday makers and tourists. The business arguably has the best position within the parade that has no parking directly in front of the premises and which also has a raised floor offering glorious uninterrupted sea views.
Tenure
The premises are held on a secure 10 year lease with approximately 5 years unexpired at a current rental of £11,300 per annum exclusive.
Exterior Front
The immediate frontage allows for seating all year round as it benefits from a full metal type permanent canopy frame that has manually operated, signed, internal roller blind shutters to the front and side elevations. These roller blind shutters also have clear window type sections allowing for seafront views even in the not so pleasant weather periods. The full metal type permanent canopy frame also has a signed, fully extending and retractable electronic roof. Once inside the cafe restaurant covered seating area it benefits from a raised decking type floor with ramp access, wall mounted electric heaters and accommodates 14+ covers. This area is accessed via a centrally located uPVC type door that is fully glazed and signed. Externally the premises benefits from 6+ covers on the main pavement.
Cafe/Restaurant
Has full open frontage by way of secure electronic roller shutters. This area accommodates 10+ additional covers along with the till serving area and is equipped with counter top optics, domestic ice machine, 2 x under counter fridges, 2 x up right display fridges, counter top display fridge, up right fridge, chest freezer and a small chest freezer. Towards the rear of the premises is the small commercial kitchen.
Kitchen
the kitchen is fully equipped with a full extraction system, display shelves, stainless steel prep counters, 2 x under counter fridge, blender, 3 x microwave, kettle, hand wash sink unit, double sink unit, hot steamer, 2 x double deep fat fryers, griddle, 2 x grills and a 4 ring induction hob with double oven.
Staff & Trading Hours
Family run business across 3 generations operating 1 full time position and 3 part time positions. The business currently trades 7 days a week from 9.30am until 6pm with opening hours extended up until 10.30pm in the peak of summer. The premises licence allows daily opening hours from 8am until 11.30pm with the sale of alcohol both off and on the premises daily from 8am until 11pm.
Turnover
Turnover figures will be discussed at our clients discretion with serious interested parties upon inspection of the business.
Business Rates
The premises are subject to a rateable value of £10,500 qualifying for zero business rates payable.
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction with the landlords reasonable legal costs to be split 50/50.
Summary
A rare opportunity to acquire such a long established and family run business in a premium sought after seafront position that has come to market for the first time in 32 years.
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.
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Property reference RX262305. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert & Rose Property - Southend-on-sea.
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