Restaurant, Leigh-on-sea, SS9

Location

The premises is situated in a highly enviable trading location in Leigh-on-Sea. surrounded by various different independent businesses. The location benefits from high visibility being directly next to a bus stop and having free time restricted on road parking, along the road it trades from.

Tenure

We are advised there are approximately 3 years remaining on the lease at a rental of £21,176 per annum exclusive.

Premises

Terrace shop with forecourt seat set out for 8 covers, facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 658 sq. ft. and is arranged as follows:

Main Restaurant Area

With tiled flooring, hanging feature lighting, and currently set out for 24 covers. At the back right hand side of this area is a BAR behind which is equipped with a display under counter wine fridge,  display double under counter fridge, alcohol display racking and a till system. Behind this area is a door that leads through into a prep room.

Prep Room

Which is equipped with 2 group coffee machine, coffee grinder, dishwasher, large upright fridge, sink and ice maker. At the back of the main area are 3 steps that lead up to a slightly elevated area to the right hand side is a door, leading into a WC with wash hand basin.

Kitchen

At the top  of the stairs a door directly in front  leads into a COMMERCIAL KITCHEN which is currently equipped with large COMMERCIAL EXTRACTOR SYSTEM various stainless steel  prep tables, stainless steel prep table with under counter refrigeration (4 doors), microwave, Lincat salamader grill, single basket fryer, Lincat induction hob, griddle, stainless steel prep table with under counter refrigeration (2 doors) x2, Lincat twin basket fryer, Rationale oven, large stainless steel upright fridge. wash hand basin, 2 x stainless steel sinks, dishwasherand heated pass through with under counted heated plate warmer. The premises benefits from CCTV throughout. A door at the rear of the kitchen area  leads outside to a lean to store.

External Store

With racking and chest freezer. A door from the lean to leads outside to a small rear COURTYARD AREA with bin storage and a CONTAINER UNIT which houses 1 large chest freezer, 1 standing freezer and 2 fridges.

Trading Hours

Wednesday 12 pm - 11 pm, Thursday to Saturday 9 am - 11 pm, Sunday 9am - 3pm, closed Monday and Tuesday. We are advised the premises is licensed for the sale of alcohol until 11 pm; 7 days a week, so the trading days and times could extended.

Staff

The vendors oversee the management of the business with the assistance of 4 full time members of staff, doing around 4-5 days per week with a bank of approximately 9 part time members of staff.

Turnover

We are advised the gross turnover currently averages around £6,700 per week, with the net turnover over the last 12 months being around £290,000 working to the usual high gross profit margins associated with the trade. Full financial information can be disclosed to seriously interested parties following a viewing of the business.

Business Rates

The premises is subject to a rateable value of £13,000 and we are advised the current business rates payable are £1,000 per annum.

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50 based on a lease assignment. If a new lease is taken by a purchaser, then each party will be responsible for their own, with the landlords legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlords legal costs involved in the granting of the new lease to be the responsibility of the purchaser.

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.