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Restaurant/cafe for sale

£170,000

Late Licence Kebab, Chicken & Pizza Shop, Essex CO3

Restaurant/cafe for sale
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Property description

Late licence kebab, chicken & pizza shop occupying a secondary trading position just off the high street of this historic market town in north essex. The business is established as the oldest kebab shop in the town and has a wide-ranging menu inclusive but not limited to Humus, Tarama, Dolma, Burgers, Scampi, Rice, Kebabs, Rumbaba, Baklava, Pizza and Fried Chicken. The business has been operated under the current ownership since 1997 by our client who has been in the town and trade since the 1990's who has brought it to market with a genuine reason for sale due to retirement. There is a full complement of equipment and the late licence allows for trading until 3 am 7 Days a week. Cost of Stock to be paid on Completion. Our ref: RX263181

Location

The business is situated on a busy secondary parade that adjoins the main High Street with the town centre and it is further surrounded by major retailers, office traders, independent retailers with additional footfall form the students of the sixth form college

Tenure

A new secure fr&I lease will be made available with the term to be agreed at an asking rental of £20,000 per annum exclusive

Exterior Front

Lock up wood framed shop with treble glazed windows to the left hand side of a part glazed wood framed single door entrance which has a well signed and well-lit fascia directly above, in addition to a wall mounted illuminated sign

Restaurant/Takeaway

Large open plan rectangular in shape with full length stainless steel serving counter, strip lighting, CCTV, Wall mounted illuminated menus, flat screen tv, 10+ Covers and 4+ Bar stool seating. Fully equipped with Zanolli Pizza Oven, Microwave, 3 Door pizza fridge with 8 pot toppings saladette, Double under counter drinks display fridge, Up-right drinks display fridge, Hot top box display cabinet, Chip warming cupboard, Valentine double fryer, Archway 3 burner grill, Under counter freezer, 4 Door fridge with prep counter, 2 x Kebab machines, 4 Pot Bain Marie and a Henny Penny chicken machine. Towards the rear of the property is an open doorway to the Kitchen/Prep Area further equipped with ePos Till, Stainless steel prep tables with steps down to storage and racking with a separate Walk in freezer and Walk in fridge. Additional stairs lead you down to the staff toilets and 3 additional storage rooms

Rear Exterior

Shared courtyard/garden area which can be self-contained

Staff & Trading Hours

Vendor (Brothers) work full time and are assisted by 3 full time members of staff. 4pm - 3am Monday to Sunday

Turnover

We are advised the average takings are £8,500 per week. Full financial information will be disclosed at our clients discretion on or after an initial meeting has taken place

Business Rates

The shop is subject to a rateable value of 9,400 resulting in zero business rates payable for 2017/2018

Legal Costs

Each party to be responsible for their own legal costs incurred within the transaction

Summary

Shop size as per The Valuation Office Agency (voa) are described as: Retail Zone A 23.5 sq m, Retails Zone B 7.6 sq m, Internal Storage 24.2 sq m in total 55.3 sq m (Approximately 595 Sq ft)

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

Arrange Viewing

For more information about this property, please contact
Gilbert & Rose Commercial, SS9 on +44 1702 787467 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gilbert & Rose Commercial, and do not constitute property particulars. Please contact Gilbert & Rose Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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