Cafe for sale

Pallister Road, Clacton-On-Sea, Essex, CO15

Guide Price £45,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well established traditional pie and mash shop, close to the sea front
  • Income to the year end 30.06.15 in the region of 65,300
  • Excellent local reputation, same ownership since 2003
  • Limited trading hours, viewing recommended, freehold option available

Full description

Tenure: Leasehold

DESCRIPTION
This is a superb lifestyle opportunity to acquire a well established and well known traditional pie and mash shop, situated in Clacton on Sea close to the town centre and sea front. The business was established by our clients in 2003 and operates from the ground floor of a prominent two storey building and benefits from excellent signage.

Clacton on Sea is a medium sized town in Essex within the Tendring district and has a mainline train station which provides links to London Liverpool Street, with a regular service in peak times. The north coast of Essex is always popular with tourists and holiday makers due to the award winning beaches and its distance from London. Clacton also has a pleasure pier, a golf course and caravan parks along with an airfield just on the outskirts, with the airshow being a popular event that usually takes place around the August Bank Holiday.

JD's Pie & Mash has a total of 27 internal covers and provides a traditional menu, with all of the pie's being made from scratch on site by our client in the well fitted commercial kitchen. Whilst the majority of the income generated comes from customers eating in, a take away menu provides an additional income in peak periods when no seating is available.

In our opinion any new owner could increase the income by opening longer hours, even in just the summer months or by providing evening meals. There is also the opportunity to start outside catering or by adding themed nights during the year.

TRADING INFORMATION
Profit and loss accounts to the year end 30.06.15, show an income in the region of 65,300 with high gross and net profit margins.

Accounts can be inspected when viewing.

Please note that the income is based on limited trading hours Monday to Saturday through choice.

TRADING HOURS
Monday to Saturday 11:00 - 15:00
Closed - Sunday

STAFF
The business is run by the owners along with one

part time family member.

PROPERTY
The business operates from the ground of a mid terraced building close to the town centre, with highly visible signage and is located close to the sea front.

TRADING AREAS
The business has a welcoming open plan dining and serving area with a light and airy feel. There are good quality fixtures and fittings throughout along with 27 covers in total. The sales area has fully tiled walls and a tiled floor as well as air conditioning. There is a open plan view into the kitchen area.

KITCHEN
The business comes with a fully commercial kitchen with a range of stainless steel prep tables and shelving, a tiled floor, stainless steel sinks, extraction facilities, a 6 burner gas hob, commercial refrigeration and the following fixtures:

4 pan bain marie
Turbo fan commercial oven
2 commercial pastry mixers
Commercial pastry roller

ANCILLARY AREAS
There is a rear store and wash room with a single drainer sink, a commercial dish washer, stainless steel work tops and various freezers. There is also access to the rear parking.

There are customer toilets with part tiled walls, a tiled floor and a wash hand basin.

TENURE
We are advised that the property is owned by our client who will grant a new10 - 15 year lease on change of ownership. The proposed rent is in the region of 7,500 per annum with rent reviews at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
An ideal lifestyle change opportunity to acquire a well used and well established traditional pie and mash shop in a popular coastal town with excellent net profits.

A viewing is highly recommended to fully appreciate the location, property and overall business facilities.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Clacton (0.3 mi)
  • Thorpe-le-Soken (4.1 mi)
  • Kirby Cross (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Clacton (0.3 mi)
  • Thorpe-le-Soken (4.1 mi)
  • Kirby Cross (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 44825. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.