Restaurant/cafe for sale in Palmeira Parade, Westcliff-On-Sea SS0

Seafront cafe restaurant with alcohol licence trading from a high profile position in an ever increasing sought-after parade which is easily identifiable and very well known often being referred to as 'the arches' located in westcliff-on-sea. Having been established over 100 years as an eaterie, the current family-run business has operated under the same ownership since 1989 inclusive of 3 generations and has come to market with a genuine reason for sale due to retirement. First time for sale in 32 years, the business is well presented and includes a full complement of equipment. The premises are held on a secure council lease at a current rental of only £11,300 per annum exclusive and further benefits from low overheads along with zero business rates payable. The financial information will be made available to seriously interested parties upon inspection of the business arranged by Gilbert & Rose and strictly by appointment only. 30+ covers in a premises offering uncapped potential along with uninterrupted sea views. We expect strong levels of interest so an early viewing is advised. Cost of Stock to be paid on Completion. Our ref: RX262305 C6577E

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