Restaurant for sale
Property description & features
Rooms
Location
The premises is situated in a good trading location, providing good levels of passing trade and also benefitting from free lay-by parking directly to the front of the shop. The parade of shops which the business trades from has various other business types including a Spar convenience store, pharmacy and a beauty salon.
Tenure
7 years unexpired on the lease at a current rental of £12,300 per annum exclusive.
Premises
A terraced retail shop with awning over, half-glazed frontage and glazed single entrance door leading into the premises which measures approximately 645 sq. ft. (60 sq. m.) and is arranged as follows:
Takeaway Area
with chessboard-style chequered floor, strip lighting, customer seating area, menu board, electric heater, serve-over counter and till. An opening behind the counter leads through to KITCHEN with commercial extractor system, stainless-steel prep tables, rice cooker, microwave, large fryer, 9-burner range, 6-burner range, 2 x chest freezers, stainless-steel large fridge and fly-zapper.
Prep Room
At the rear of the kitchen there are two doors off, one leads into a PREP ROOM with stainless-steel double sink, stainless-steel prep table, wash-hand basin, shelving, 2 x rice cookers and fly-zapper
Store
The other door off the kitchen leads through to a LEAN-TO STORE with WC, walk-in freezer and various shelving. A door at the rear of the lean-to store takes you outside onto a walkway which leads to a rear service road, with bin storage.
Staff & Trading Hours
The business is run by the vendor, with the assistance of a full complement of staff. The business trades six days a week, closed on a Tuesday, with the opening hours on the other days being 12 pm to 2 pm and 5 pm to 10 pm.
Turnover
We are advised turnover averages £6,000 per week, working to the usual high gross profit margins associated with the trade. Year ending 31st March 2022 accounts confirm a strong reconstituted profit in excess of £85,000. Full financial information will be disclosed after a viewing of the business, with client's permission.
Business Rates
The premises is subject to a rateable value of £5,700 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 to be split 50/50.
Summary
Great opportunity to acquire a very long established business with a highly profitable set of trading accounts. Viewing recommended.
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 RX258026. 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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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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