Colchester, Essex, CO1
Sought after position, just off the High Street and not from the harbour and sea front ESSEX.
Turnover £ 1,000
We understand the property was built in approximately 1880 with an extension to the ground floor at rear in 1987/1988.
FULL GAS FIRED CENTRAL HEATING
ENTRANCE TO SPACIOUS BAR fully carpeted, wealth of artificial beams and uprights, 2 open fireplaces each with gas fires. Tables, armchairs, sofas plus high chairs providing seaing for in excess of 30 persons plus ample standing. Attractive long wooden bar with 2 'T' bars, 1 Guiness pump, optics, 3 double door glass fronted counter fridges, 2 electric cash registers, glasswasher, sink.
Ladies' cloakroom with 2 w.c's plus wash hand basin
Gentlemen's cloakroom fully tiled with urinal, 2 w.c's and wash hand basin
Ground floor beer cellar
WE ARE INFORMED the turnover averages £1,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and with the introduction of catering. Obviously the business can continue to run as a Freehouse and in our opinion there is also potential for conversion into a Restaurant. We understand at the present time there are no Restaurants catering for Chinese cuisine in Brightlingsea, however, there is one Chinese Takeaway. We are further advised that the sales year ending 31st March, 2010 showed £45,960 with a gross profit of £33,243 (including gaming machines of £1,728).
At present operated by a lady vendor with the assistance of her husband. No staff employed.
At present 5 evenings per week - Monday, Tuesday, Thursday, Friday & Saturday - 4 p.m. - 11 p.m.
The business is closed all day Sunday & all day Wednesday
It will be appreciated upon inspection that there is potential for additional opening hours.
The SPACIOUS living accommodation also with FULL GAS FIRED CENTRAL HEATING (separate boiler),fully CARPETED, comprises:
5 Bedrooms (4 doubles, 1 single)
Fully tiled bathroom with bath, w.c. and wash hand basin
Separate shower room with large shower plus wash hand basin
Fitted kitchen/breakfast room
Garage used for storage at present
Secluded paved courtyard with 5 tables plus bench seating for approximately 25 persons.
Uniform Business Rates: £710 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MAY, 2002 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT