Business Summary

• 35 YEARS ESTABLISHMENT
• RENT £11,400 PA
• FULLY LICENSED
• RESTAURANT & TAKEAWAY
• AIR CONDITIONED
• BEAUTIFULLY PRESENTED
• PROMINENT LOCATION
• POSSIBLE ACCOMMODATION
• 40 APPROX COVERS
• OPEN ONLY EVENINGS

Location:
The Business is located on a very busy main road in a prominent location NEAR SOUTHEND ON SEA, ESSEX

Entrance from the main walk way via fully panelled timber door to small entrance porch with further part glazed door leading into restaurant with take away waiting lobby to the immediate front of the restaurant. Purpose built bar area with a chiller cabinet for wines and beers, spirit display, tables with blue upholstered chairs for 42 covers, very tastefully decorated with etched glass partitions, coffee machine, serving table, wine storage, chiller cabinet, hot plate for towels etc.
Access to first floor with ladies and gents toilets which are both fully tiled and with adequate washing facilities, access to the accommodation.

FIRST FLOOR LARGE STOREROOM

KITCHEN AREA: Fully equipped to the trade and to include stainless steel double fridge freezer, double bowl stainless steel sink with drainer, stainless steel hot cupboard for plates, stainless steel work surfaces, nine ring gas cooker with ovens beneath and extractor unit over, Tandoori oven, stainless steel herb and spice pots, freezer, fully tiled walls, access to rear yard with waste bins.

Tenure:
The business will be offered on the remaining lease with a total of 10 years remaining at a annual rent of just £11,400. The 2 bedroom first floor self-contained accommodation is also available via negotiation.

Turnover:
We are given to understand from our Vendor Client the current turnover is around £3000 per week split around 50/50 between the restaurant and the takeaway/delivery

Business Rates:
NIL due to qualifying for Small Business Rate Relief

Staff:
The business is currently run by the owner plus 2 x FULL TIME and 3 x PART TIME STAFF

Trading Hours:
The restaurant currently trades from Tuesday to Sunday – 1730 until 2300 and is closed all day Monday. Again, in view of this restaurants close proximity to the town center, we would advise any interested party the turnover could be considerably increased by lunch time opening and certainly opening Mondays and, again, in view of the large development very close by.

Legal Costs:
Each party to pay their own legal fees

Price:
We are instructed by our Vendor Client to offer this truly genuine business for sale at a very realistic price of £59,950 to include the goodwill, lease and impressive and comprehensive fixtures and fittings. Stock to be purchased at valuation.

Agents Note:
In view of this restaurants many years establishment, we would urge any interested party to view without delay to see for themselves the facilities that are available. In addition it will be possible to rent the 2 bed accommodation which makes it an ideal first purchase. The restaurant would ideally lend itself to other cuisines ie Thai, Chinese or even quality European food.

Terms:
Each party, Vendor and Purchaser are responsible for their own legal fees

Property Details