Tea Rooms, Corringham

Location

The premises enjoys a prominent trading position within a well-established parade of shops, attracting steady passing trade and benefitting from its location directly opposite a busy doctors’ surgery, providing excellent potential for custom.

Tenure

We are advised there are approximately 5 years remaining on the lease at a current rental of £10,200 per annum exclusive.

Premises

A semi-detached premises, with forecourt seating area which currently accommodates 4 covers, facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 500 Sq. Ft.  and is arranged as follows:

Tea Room

With laminate flooring, hanging feature lighting, wall mounted air conditioning unit, CCTV and currently arranged to provide a comfortable 20 covers but could accommodate more if required. To the back left hand side of this area is a hip height serve over counter and large display chilled serve over counter, behind this area is equipped with a double display under counter fridge, 2 group coffee machine, coffee grinder, blender, till, and various shelving. A door at the rear of this area leads into a PREPARATION ROOM which is equipped with fridge freezer, under counter fridge, dish washer, stainless steel sink, wash hand basin, toaster, 2 microwaves, oven with domestic extraction over, another oven, and panini press. An opening off this area leads into a DRY STORE with shelving and a chest freezer. Another door at the back of the main coffee shop area leads through to a WC and another door leads into a STORE with under counter fridge.

Trading Hours

Tuesday - Saturday 9 - 4 pm, closed Sunday and Monday. We are advised the premises are licenced for the sale of alcohol until 6 pm however this could be extended, subject to council approval.

Staff

The business is run by the vendor on a full time basis, assisted by 3 part time members of staff.

Turnover

We are advised turnover averages £2,000 per week, working to the usual high gross profit margins associated with the trade.

Business Rates

The premises is subject to a rateable value of £6,400 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

The ingoing tenant is to be responsible for the cost of the lease agreement.

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.