* Leasehold
A full A3 coffee house/cafe sandwich bar with 70+ covers located directly in
the town centre surrounded by major high street brands of this historic market
town - colchester, essex. The business has been established 15+ years
operating under the same ownership the last 9 years and has been brought to
market with a genuine reason for sale due to retirement. We sold this business
to our client in 2014 which has since undergone a major refurbishment with a
good level of investment into catering equipment whilst going from strength to
strength in performance. We feel there is huge scope to further increase
revenues as the premises was formerly licensed which allowed for increased
opening hours and could be re - granted subject to the necessary
applications/planning. A simplified menu offering Full English Breakfasts,
Omelettes, Baguettes, Paninis, Wraps, Bagels, Sandwiches, Soups, Salads,
Jacket Potatoes, Cakes, Confectionery, Hot & Cold Drinks, Real Fruit
Smoothies, Blended Creme Frappes and Milkshakes along with Blended Iced
Coffee. The business displays local artwork from local artists and the local
camera club available for sale, along with having a 5* food hygiene rating it
is being sold with a full complement of equipment so an early viewing advised.
Our ref: C6079E RX257422
**Location**
The business is situated within Colchester town centre recognised as the
banking area surrounded by Halifax, TSB and Barclays along with being directly
opposite Debenhams and in close proximity to other major retailers such as jd
Sports, Accessorize, Ernest Jones, Pandora, tk Maxx, hmv, Superdry, schuh,
Waterstones, Hotel Chocolate and Office
**Tenure**
We are advised a new 20 - year lease is in the process of being negotiated with
the landlord with the rent to be between £17, 000 and £18, 000 + VAT per annum
exclusive, with rent reviews every 5 years
**Exterior Front**
A recessed shop front providing covered forecourt seating currently seating
10+ covers and benefiting from wall mounted display menus along with painted
and signed brickwork. The shop front is of an aluminium type frame that is
fully glazed with large double door entrance into the coffee shop. The first
floor overhang is fully glazed with signed display windows
**Coffee Shop Ground Floor**
Split level (lower) with wood type flooring and (higher) tiled flooring
throughout, further benefiting from Alarm, Air Conditioning, Wall Mounted
Speakers for music, Suspended Ceiling with Spotlights and Hanging Feature
Lights that is tastefully decorated and a Wall Mounted Flat Screen TV
comfortably arranged to accommodate 28+ covers
**Serving/Prep Area**
Towards the rear of the premises is the serving/prep area with a 1. 75m Open
Chiller Drinks Display Fridge, Cake Display Counter, 2 Electronic Till Serving
Stations providing printouts to drinks station and kitchen for orders, 2 Door
Under Counter Display Fridge, 3 Group Coffee Machine and Coffee Grinder
**Commercial Kitchen**
Behind the serving/prep area is the commercial kitchen fully equipped with a
Full Extraction System, Upright Fridge, Under Counter Freezer, Hand Wash
Basin, Stainless Steel Prep Tables, Commercial Dish Washer, Sink Unit, Under
Counter Freezer, 1 Ring Induction Hob, Microwave, Blendtech Blender, 2 Door
Refrigerated Unit with Stainless Steel Prep Counter and Saladette, 3 Door
Refrigerated Unit with Stainless Steel Prep Counter and Saladette, Panini
Press, Ban Marie, 2 x Microwaves, 4 - Slice Toaster, 2 Ring Induction Hob, 2 x
Salamander Grills, 2 x single basket fryers and a Convection Oven/Microwave
**First Floor**
Open plan, rectangular in shape decorated in similar style benefiting from
wood type flooring throughout, suspended ceiling with strip lighting boxes and
wall mounted art work from local artists and the local camera club. The first
floor comfortably accommodates 32+ covers, separate customer toilets with baby
change facilities and an owner office/store equipped with 2 x Chest Freezers
an Upright Freezer, Office Equipment and Staff Lockers
**Staff & Trading Hours**
The vendor is on site on a part - time basis and is assisted by 2 full - time and
3 part - time members of staff. Monday to Saturday 7. 30 am - 4 pm with the
option to trade till 11 pm. Closed on Sundays
**Turnover**
We are advised current takings average £5, 500 per 6 - day week. Full financial
information will be made available at our client's discretion on or after a
meeting
**Business Rates**
The premises are subject to a rateable value of £20, 750 and we are advised
business rates payable are currently £2, 600 per annum
**Legal Costs**
Each party are to be responsible for their own legal costs incurred in the
transaction with either side being responsible for any abortive legals by way
of a legal undertaking. The landlords reasonable legal fee's are 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

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