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Restaurant for sale

High Street, Billericay, Essex, CM12

1,500 sq. ft. | £50,000

Property Description

Commercial information

  • 1,500 sq ft (139 sq m)

Key features

  • Fast Food Restaurant
  • In Prime High Street Location
  • Approx 1,500 Sq.Ft.
  • New Lease Available At 50,000 PA
  • Suit Many Catering/Retail Uses
  • Enquiries Invited For Various Uses

Full description

Tenure: Leasehold

An ultra modern Hamburger & Fast Food Restaurant currently trading under the world famous Wimpy brand name. The Wimpy brand was created in the 1950s and inspired by the character of J. Wellington Wimpy from the Popeye cartoons. The first "Wimpy Bar" was established at the Lyons Corner House in Coventry Street, London.

In approx. 1,430 sq.ft. and the subject of a complete refurbishment programme in 2007. A delightfully quaint frontage provides access to the Restaurant with a fully tiled floor. Seating for 68 on both chairs and bench seating. The left hand flank wall comprises the service counter with access to the open plan kitchen space, which is of the highest quality. The ground floor is fully air-conditioned. Ladies, Gents and Disabled Persons Toilets. Passageway leading to a store and Fire Escape, which opens onto the rear open yard and then to external elements with access to a side pedestrian alleyway. Secondary means of access to other storage, and also to another exit to the rear yard which houses a free-standing Coldroom used for storage.

Leasehold. Our Clients have agreed terms in principle for a new 25 year lease, and are willing to grant an underlease of the Restaurant and associated areas, on terms to be agreed, at a rent of £50,000 per annum.

Business Rates 
The 2010 rateing valuation for the ground floor Restaurant (106B) shows an adopted value of £26,500 resulting in a liability for 2015/2016 of £13,064.

Billericay is a commuter town in Essex with a population of 40,000. The town lies 25 miles to the east of central London and 7.6 miles to the south of the county town of Chelmsford. Billericay is a part of the London commuter belt. It is served by Billericay railway station on the National Express East Anglia route from Liverpool Street. Billericay is close to two primary routes, the A12 to the north and the A127 in the south. The town is a destination on the A129, linking it to the neighbouring towns of Brentwood and Wickford.

The Business 
A Wimpy International Hamburger franchise. Please note however that after many years trading from this location, our Client has decided to retire, and will not be renewing the franchise agreement. Given the high profile location of the property, it would be suitable for a wide variety of alternative uses.

The Accounts of the business for the years 31st March 2014 and 2015 were £185,297 and £180,103 respectively.

Monday to Saturday from 9am till 8.30pm, closing at 9pm on Fridays and Saturdays. Sunday 11am till 7pm.

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