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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Excellent trading position, ESSEX SEASIDE TOWN (Please register to make appointments and view addresses)

Tied for Beers Only.

Full Gas Fired Central Heating

SPACIOUS SINGLE BAR, carpeted. Bar area with stone floor. Bar with 4 hand pumps, 3 glass fronted double door counter fridges, glasswasher, sink, 3 electronic cash registers with printer to kitchen. Tables, chairs plus bar stools providing seating for 40 persons. 2 large TV screens.

SPACIOUS RESTAURANT, fully carpeted plus small dance floor, 2 stage areas. Tables and chairs providing seating for 65 persons. Stainless steel carvery.

Level kitchen, fully equipped including walk-in coldroom, walk-in deep freeze, 6-burner gas cooker, 1 flat topped gas cooker, charcoal grill, double deep fryer, hot display cabinet, double sink and drainer, wash hand basin, stainless steel tables, hot cupboard.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 w.c's, urinal, wash hand basin

In addition on the first floor is a further ladies' cloakroom with w.c. and wash hand basin plus an additional gentlemen's cloakroom with w.c. urinal and wash hand basin.

FIRST FLOOR LETTING ACCOMMODATION

2 Double Letting Bedrooms each with en suite shower room with shower, w.c. and wash hand basin
In addition there is a further 1 Double and 1 Single Bedroom plus separate shower room with shower, w.c. and wash hand basin

WE ARE INFORMED the turnover averages £9,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 58% approx. We are further advised that the sales year ending 2007 showed £399,636.

The business is operted under management. Staff employed 1 full time manager, 2 full time chefs plus part time kitchen help. In addition there are part time waitresses/bar staff employed.
It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

11 a.m. - 12 midnight
with the exception of Friday & Saturday when the business remains open until 1 a.m.

Situated on the first floor is a MANAGERS FLAT, comprising:

Lounge
Office
Main Bedroom with en suite shower room with shower, w.c. and wash hand basin
In addition there is 1 double and 1 single bedroom plus a further bathroom with bath, w.c. and wash hand basin

Yard area at rear (providing a smoking area for customers)

We understand the premises are held on a secure renewable lease having approximately 23 years unexpired at a current rental of £52,530 p.a. exclusive of rates. (We understand the rent is tied to increase by the Retail Price Index each year).

Uniform Business Rates: £15,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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