Restaurant/cafe for sale in Unopposed Cafe, Colchester CO4

A long-established business, set up in 1992 with our clients purchasing the business in December 2020. Our clients undertook a substantial refurbishment and rebranding of the business/premises, now bringing the business to market with a genuine reason for sale, due to other business interests. The premises is fitted out with a full complement of fixtures, fittings and equipment which are all included within the sale price. Our clients have built up an enviable reputation over their period of ownership, supported by a 5* Facebook rating. Offering a menu that includes, but not limited to, sandwiches, wraps, salads, fruit bowls, breakfasts, jacket potatoes, burgers, paninis, and a dessert menu. Our clients also offer an outside catering service on either a per head or per platter basis, offering various different platters including breakfast, sandwich, and finger foods to name a few. Viewing recommended. Our ref: RX293929

Tenure

We understand the premises is held on a licence agreement at a current rental of £16,710 per annum exclusive. The premises is also subject to a service charge of £195 per month, inclusive of water. We have been advised by our clients that the landlord would grant a new lease to a purchaser if required

Premises

An end of terrace industrial unit with parking for 8 vehicles with additional visitors parking spaces, forecourt seating area set out with 3 x benches that can accommodate 18 covers, with an additional 2 tables which can accommodate 4 further covers. The property itself has fascia board, glazed frontage and single glazed entrance door which leads into a foyer area. There are a number of doors off this area with separate ladies, gents and disabled WCs

Cafe Area

There is a small kitchenette with stainless-steel basin. The final door leads into the main cafe area which measures approximately 945 sq. Ft. Arranged to provide tiled flooring, suspended ceiling, panel lighting, sound system and is air conditioned throughout. The premises is currently arranged for a comfortable 22 covers, but could accommodate more if required, with wall-mounted menu boards, large upright Coca Cola display drinks fridge, large upright drinks display fridge, heated display counter, serve-over counter and a refrigerated display double serve-over counter. Behind the counter is a till system, Rijo coffee machine (leased)

Prep Area

Behind the kitchen is a prep area currently equipped with 2 x large chef-top Unox rationale-style ovens (leased), stainless-steel prep table, stainless-steel prep table with under-counter refrigeration, large double stainless-steel Polar fridge, large double stainless-steel Polar freezer, racking, large upright display fridge and wash-hand basin. An opening from this prep area leads into a further prep room with racking, stainless-steel double sink, stainless-steel single sink, wash-hand basin, shelving and large commercial dishwasher

Kitchen Area

The kitchen area is open plan and equipped with 4-hob oven, griddle, large twin-basket fryer, large single-basket fryer, commercial extractor system, Hotpoint oven, bain marie, Thermodyne heated counter, various stainless-steel prep tables, monitors relaying on food orders from the digitalised till system, 2 x 4-slice toasters and large double panini press

Office & Store Room

Another door from the outside parking area leads into a further part of the unit which our client leases which is currently utilised as an:

Office & store room with suspended ceiling and carpeted throughout. The front of this area is equipped with chest freezer, racking and desks. A sectioned-off area to the rear is used for storage with racking throughout

Parking

From the Prep room a doorway leads out to the side of the unit where 4 of the 8 parking spaces are located

Trading Hours

7 am till 3 pm Monday to Friday. 8 am to 2 pm Saturday. Closed on Sundays

Staff

The vendor works in the business on a part-time basis, with the assistance of 2 full-time and 2 part-time members of staff

Turnover

We are advised turnover averages £4,000 to £5,000 per week working to the usual high gross profit margins associated with the trade. Full financial information will be made available at our client's discretion, on or after a meeting

Business Rates

The premises is subject to a rateable value of £12,250. We are advised business Rates are payable at £432 per annum

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs to be paid by the purchaser