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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
 

Situated in a parade, main road trading position, approx. 10 minutes walk from the sea front, ESSEX. (Please register to make appointments and view addresses)

We understand the premises are Licensed for 220 persons

Stairs to Basement Wine Bar with wood strip floor, ceiling lighting, stage with full lighting. Bar with 3 hand pumps, 5 glass fronted counter fridges, glasswasher, 2 ice machines, 2 sinks. Sofas with tables providing seating up to approx. 60 persons plus ample standing.

Ladies' cloakroom with 4 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 2 urinals, 2 w.c's, wash hand basin

Level kitchen with non-slip floor. The equipment includes 1 6-burner cooker, 1 chip deep fryer, 2 double sinks/drainer, 1 walk-in coldroom, chest deep freeze etc.

Storeroom

WE ARE INFORMED the turnover averages £5,000 p.w. mainly wet sales, in our opinion offering tremendous potential, especially with additional catering. Gross profit 52% approx.

The business is at present operated by 1 of the partners with the assistance of 2 part time staff, disc jockey plus additional part time staff at weekends.

4 p.m. - 12 midnight six days per week
The business is closed on Mondays

We understand the premises are held on a secure renewable lease having approx. 21½ years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years. We further understand that there is a service charge currently of £450 per quarter.

Uniform Business Rates: £3,500 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £84,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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