Market Road, Chelmsford, CM1

Location

Located in an exceptional trading position within Chelmsford's affluent town center, this establishment enjoys a prime location positioned beneath an office block and in close proximity to a library, therefore benefitting from substantial foot traffic, making it a hotspot for passing trade.

Tenure

New lease available for a term to be agreed with our clients current rent payable at £16,500 per annum exclusive.

Premises

The business currently offers external seating for 12 covers to the front with glazed single entrance door leading into the premises which measures approximately 461 sq. ft. and is arranged as follows:



SANDWICH BAR / COFFEE SHOP area with laminate flooring, high ceilings, hanging lighting and currently arranged for 10 internal covers. On the left hand side of this area is a long chilled drinks display fridge, with the rear of this area providing a serve over counter with confectionery display, cake display, chilled display unit and coffee prep zone. Behind the counter is equipped with a till system, 2 Group coffee machine (leased at £250 pcm), coffee grinder, double under counter display fridge and product shelving. There are also hanging and wall mounted menu display boards.

Kitchen

An opening off this area leads into a PREPARATION KITCHEN with tiled walls and floors, suspended ceiling, stripped lighting and equipped with 2 x stainless steel prep tables with under counter refrigeration and saladette, 2 x microwaves, wash hand basin, stainless steel sink, dishwasher, large upright stainless steel fridge, oven, 4 slice toaster, merrychef oven, salamander grill and extractor system. There are 2 doors off this area, one leads into a DRY STORE with shelving and a stainless steel upright freezer. The other door leads into a WC with wash hand basin.

Staff

The business is fully staff run with 2 Full time 2 part time and 1 casual member of staff.

Trading Hours

8am - 3 pm Monday - Friday. Closed Saturday and Sunday.

Turnover

We are advised turnover averages £4,500 - £5,000 per week working to the usual high gross profit margins associated with the trade. We are advised less than £100 per week is from online platforms Just Eat and Deliveroo, with the rest being from shop sales.

Business Rates

The premises is subject to rateable value of £13,000 and our client advises the business rates payable are approximately £1,000 per annum.

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser and the landlords legal cost involved in the surrendering of the existing lease to be the responsibility of the vendor.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.