Restaurant/cafe for sale in 4 Corporation Road, Chelmsford CM1

A long established business which has been trading for over 20 years. Our clients have built up an enviable reputation, supported by a 4.6* Google review, 5* Facebook rating and 5* Food Hygiene Rating. Offering a wide and varied menu that includes but not limited to full breakfast, eggs, omelettes, breakfast baguettes, sandwiches and savouries along with a lunch menu of sandwiches, toasties, paninis, baguettes, wraps, pittas, salads, jacket potatoes. Hot options such as soup, chilli, meatballs, curries, cottage pie and a sweet menu that has spotted dick, syrup sponge and cakes from a Tiptree patisserie rotated on a seasonal basis. The outside catering menu has an individual breakfast meeting and lunch meeting option with items starting from £1.50. We feel there is huge scope to further increase revenues by extending the opening hours and opening at weekends. The business is being sold with a full complement of equipment that is inclusive of a signed Peugeot Bipper delivery van. Rarely does a business of this type in this location become available so an early viewing is advised. RX352695

Location

The premises is located on the outskirts of Chelmsford city centre in a secondary shopping parade with independent businesses such as a dry cleaners, convenience store, hairdressers and a funeral directors. The parade is in a highly built-up residential area and in close proximity to care homes, schools, universities and the hospital

Tenure

We are advised a secure 10-year lease was granted in April 2017 at a current rental of £15,500 per annum exclusive

Premises

Retail shop double fronted with 2 facia board, glazed frontages, single glazed entrance door into the left seating side, and double glazed entrance doors into the right hand side main area. The premises measures approximately 900 sq.ft. In total and is arranged as follows:

Main Sandwich Bar / Takeaway Area

Measuring approximately 21 ft. 2 in x 13 ft 2 in = 280 sq. Ft. With suspended ceiling, panel lighting, 2 breakfast bar covers to the front, large upright coca-cola drinks display fridge, large upright drinks display fridge and product display shelving. To the right hand side of this front area is a large chilled display serve over counter, behind which is a serving area with coffee machine, milk frother, kettle, product display shelving, toaster, till, wash hand basin and baking oven. There are also various chalk board style menus. At the rear of this area is an opening which leads through to a prep kitchen area

Preparation Kitchen Area

Which measures approximately 17 ft. 8 in x 9 ft. 9 in = 173 sq. Ft. With stainless steel prep table, buffalo commercial blender, shelving, stainless steel double sink, dish washer, oven with 4 hobs above, domestic extractor system, double buffalo panini press, single George Forman grill and 2 x microwaves. A previous walk in cold room located off the right of the kitchen is currently used as a store room measuring 6 ft. 2 in. X 8 ft. 5 in. = 52 sq ft. An opening at the rear of the kitchen area leads into a store room which measures approximately 11 ft. 4 in. X 6 ft. 2 in. = 71 sq. Ft. Equipped with 2 large upright fridges, 1 large upright freezer, 1 under counter fridge and 1 chest freezer. This area also houses another walk in cold room which is currently unutilised. A door from this area leads out to a rear yard

Rear Court Yard

Which is currently utilised as parking for the van. There are two doors off the courtyard, one leads into the WC with wash hand basin measuring approximately 7 ft 4 in x 2 ft 9 in = 20 sq. Ft. The other door from this area leads into a store room which measures approximately 7ft 3 in x 7 ft 9 in = 56 sq. Ft. There is also a shed store in this rear area which currently houses 3 large chest freezers, racking and outside seats

Premises To The Left Hand Side

The left hand side part of the premises has a half glazed frontage and single glazed entrance door, leading into the seating area which measures approximately 10 ft. 7 in. X 23 ft. 3 in. = 247 sq. Ft. This area accommodates seating for 17 covers, with a stainless steel sink and counter at the rear

Trading Hours

The business currently trades 7.30 am to 3 pm Monday to Friday. We are advised there are no trading restrictions, the hours and days can be extended to suit a new business owner

Staff

The Vendors just oversee the management and fill in during busy times / staff holidays, with the staffing set up consisting of 1 full time manager, 1 full time catering assistant and 2 part-time catering assistants/drivers

Turnover

We are advised turnover averages approximately £2,500 - £3,000 per week, working to the usual high gross profit margins associated with the trade

Business Rates

The premises is subject to a rateable value of £24,000 and we are advised the business rates payable are £400 per month

Legal Costs

Each party to be responsible for their own, with the landlord's legal costs to be split 50/50 based on a lease assignment. If a new lease is granted, then each party pay their own with the landlords legal cost involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlords legal costs involved in the granting of the new lease to be the responsibility of the purchaser