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Restaurant for sale

100/102 The Street, Little Waltham, Chelmsford, Essex, CM3

Removed £525,000

Property Description

Full description

Tenure: Freehold

- Beautifully Renovated Edwardian Building with Shop & Tea Room with Self Contained 2 Bed Flat Above
- Reluctant Sale of Flourishing Business Premises Completely Refurbished with New Appliances
- Potential for Extension and Trading Expansion
- £205,000 Annual Turnover (Net ex VAT)
- Mixed Use A1 Shop & A3 Café

The property comprises a fully renovated Edwardian Grade II Listed Shop & Tea Room with a self contained two bed flat to the first floor. The property benefits from a beautiful cottage garden and central rural village setting.

The current owners have completely renovated the property. Renovation works include new wiring, three phase electrics, new plumbing/drainage, full damp proofing, re plastering with improved insulation to modern building regulations, CCTV, fire alarm system, solid wood floors and commercial grade vinyl in the working areas.

The ground floor comprises a retail/deli counter which leads round to the customer seating area for the tea room as well as window seats looking out over Little Waltham and the property garden at the front of the shop. There is a fully equipped kitchen which benefits from new appliances and equipment throughout.

The first floor flat is fully self-contained and can be accessed via the shop or from it's own front door, which opens out onto Brook Hill. The first floor comprises 2 bedrooms, a good sized kitchen and bathroom. The flat has recently been decorated with new carpets and floors in the kitchen, bedroom and bathroom.

The business has been trading very successfully for the last two years. In this short time it has earned an excellent reputation, being in the top 30 restaurants in the Chelmsford area on TripAdvisor.

There is a large regular weekly customer base from nearby residents, businesses and Broomfield Hospital. This refers to both the tea room and returning customers visiting the shop for bread, milk, eggs and sweets/cakes.

At present the business is open 8am - 5:00pm Monday to Saturday. The property is not open evenings or Sundays and therefore there is potential for longer trading hours.

Our client was looking into the possibility of extending the property into the garden area to provide additional seating (subject to planning) and has had extensive talks with local residents and the City Council about plans for this, however due to the reluctant sale these plans were put on hold. Our client has also indicated there is excellent potential for outside catering.

The business has very recently had a 5 star hygiene inspection, and is not due for inspection again for up to 2 years.

We are advised by our client the annual turnover is
approximately £205,000 (Net excluding VAT). Copies of the last two years trading accounts are available upon request.

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