Queens Road, Southend-on-Sea, Essex, SS1
£155,000

Guide price

DESCRIPTION:

A renowned and well-established Coffee Shop/Sandwich Bar & Take Away (no heavy cooking) having been in the same ownership for 13 years! The property occupies a strategic and very visible corner location. Approx. 820 sq.ft. overall plus basement store, with seating for 55, including 8 al-fresco. Open Tuesday to Saturday 9.30am till 3pm only.

Property The ground floor offers a total of some 880 sq.ft. with two distinct seating areas. Front servery/counter, and to the rear, ladies & gents WC's. Small basement with restricted head height, suitable only for storage.

The Business A Coffee Shop/Sandwich Bar & Take Away in the same ownership for 13 years! The menu, visible on the website of the business, comprises a wide variety of freshly made sandwiches, snacks, hot & cold drinks and made to order platters. This would not be suitable for any business requiring heavy cooking given the lack of an extraction system.

Turnover Currently in excess of £5,500 per 5 day week! The trading accounts of the business between 2019-2021 inclusive show consistent net profits, with those for 2021 being £61,457!

Hours Tuesday to Saturday from 9.30am till 3pm.

Staff The business is run by a husband & wife team, with 4 staff, two of which are family members.

Tenure Leasehold. Granted for 12 years from 30th June 2013.

Rent £17,000pa payable quarterly at £4,250. Rent reviews every 3rd year.

Business Rates The 2017 rating assessment shows an adopted value of £16,250, resulting in Business Rates payable of approx. £8,000pa.

Legal Fees Each party is to be responsible for their own legal fees.

01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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