Meon Close, Chelmsford, CM1

TENURE

13.5 years remaining on the lease at a current rental of £12,000 per annum exclusive with 3 year rent reviews.

PREMISES

An end of terrace lock up shop with glazed frontage and single glazed entrance door leading to the premises which measures approximately 525 Sq. ft. and is arranged as follows:



MAIN COFFEE SHOP AREA with a mix of hanging feature lighting, laminate flooring, currently arranged for 22 internal covers. To the right hand side of this area is a chest height serve over counter behind which is equipped with a till system, double under counter display fridge, two group coffee machine and coffee grinder (£169 including VAT for the coffee machine lease agreement), and drinks fridge.

KITCHEN / PREPARATION ROOM

Equipped with various stainless steel prep tables, large chest freezer, 2 x microwaves, panini press, 2 x single induction hobs, domestic extractor, 2 x 4 slice toasters, stainless steel prep table with under counter refrigeration, air fryer, blender, stainless steel sink, and fridge freezer.

WC

COURTYARD AREA

Double French doors at the rear of the property leads to a paved rear courtyard area. The courtyard is currently arranged to provide a comfortable 14 covers and could accommodate more if required. There is also a slightly raised decking area with steps leading into an additional outbuilding.

OUTBUILDING

There is an outbuilding which is currently set out for 6 covers in a function room type setting. This area also houses a stainless steel prep table and caterlite oven, also sliding doors at the rear cover a further store area which is equipped with product racking and fridge freezer.

TRADING HOURS

Monday, Wednesday, Thursday, Friday and Saturday 9:30 am - 3 pm, Sunday 10 am - 2 pm and closed Tuesdays.

STAFF

The business is run by the vendor on a full time basis, with the assistance of five members of staff, one working 4 days, one 3 days, two working 2 days with one only Sundays.

TURNOVER

We are advised the turnover averages £1,800 - £2,500 per week working to the usual high gross profit margins associated withe trade.

BUSINESS RATES

The premises is subject to a rateable value of £8,800 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

LEGAL COST

Each party to be responsible for their own legal costs incurred in the transaction, with the landlords legal costs to be split 50/50.

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.