Licenced Restaurant plus adjoining Fish & Chip Shop in Essex For Sale

Semi-detached property, excellent main road trading position, office and commercial area, Essex.

Turnover £ 16,000
Price £350,000

Features

Licensed Seafood & Mediterranean Restaurant with Adjoining Takeaway Fish and Chip (combined Kitchen)

Outside seating for 16 people.

SINGLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,350ft², Tiled and Laminate wood flooring, suspended ceiling with pendant and spot lights.

Tables and chairs seating 60 people.

Bar - Electric cash register, 2 group coffee machine, grinder, under counter fridges, glass wash, ice maker, wash hand basin, mirror backed shelving.

Ladies cloakroom with baby change facility and disabled access, toilet and wash hand basin

Gentleman's cloakroom with toilet and sink.


SEPARATE ENTRANCE TO Takeaway fish and chip shop - Tiled flooring, Wall mounted LED menu screens, soft drinks fridge.

Customer waiting area.

Sales counter, electric cash register.

Kitchen - Stainless steel extractor, 4 pan fish and chip range (Frankfurt), 2 pan fish and chip range (krenko), chip skuttle, hot cabinet, grill (gas), charcoal grill, oven, 6 burner hob, 2 microwaves, under counter fridges, chest freezer, large upright freezer, 5 full height upright fridges, 2 x 4 pot bain maririe, salad fridge, double sink and drainer, stainless steel preparation tables, etc.

Preparation Room - Potato peeler, rumbler, chipper, large storage buckets, washing machine, etc.

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £16,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the Husband & Wife team with 6 full time staff employed. with the assistance of 3 part time staff.

We are informed the wage bill averages £1,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 11.30 am - 10.30 pm
SUNDAY Noon - 9.30 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £29,000 p.a.

Business Rates from April 2024 £3,300 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote