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Restaurant In Rayleigh For Sale

Rayleigh, Essex
Asking Price:
£85,000 Furniture / Fixtures included
Sales Revenue:
£312,000
Cash Flow:
Under £50K

A single fronted premises comprising 1,300 sq ft on the ground + 670 sq ft on the first floor has a front forecourt for up to 12 covers and a concertina frontage. The main restaurant has 50 covers, a bar section, a small under stairs stockroom and ladies and gents wc’s. To the rear is a large open kitchen and a separate wash up area. There is storage to the side of the kitchen. The rear door leads to a a service road plus bin store and staff wc.

Property information

Property:

Leasehold

Lease Terms:

Renewable 15 year lease from 2010 with 5 yearly rent reviews

Leasehold Rent:

£22,000 per annum

Location:

In established traditional town with its busy shopping high street and 15 minute drive away from Southend-on-Sea, the restaurant is ideally positioned amongst many other restaurants and multiples.

Premises Details:

A single fronted premises comprising 1,300 sq ft on the ground + 670 sq ft on the first floor has a front forecourt for up to 12 covers and a concertina frontage. The main restaurant has 50 covers, a bar section, a small under stairs stockroom and ladies and gents wc’s. To the rear is a large open kitchen and a separate wash up area. There is storage to the side of the kitchen. The rear door leads to a a service road plus bin store and staff wc.

The first floor restaurant has a further 60 covers, another bar and a gents wc with a separate office with storage.

Size in square feet:
1,970
Planning Consent:

A3

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday to Sunday 5 pm to 10.30 pm. Friday also 11 am to 3 pm, Saturday 11 am to 10.30 pm.

Employees:
3 full time and 8 part time staff
Years established:
8

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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