High Street, Epping, CM16

Location

Situated in the heart of Epping, the restaurant enjoys excellent visibility and footfall. Surrounded by a vibrant mix of independent boutiques and well-known national brands such as Costa Coffee, Specsavers, and Boots Pharmacy, the area attracts both local residents and visitors year-round, contributing to a strong and consistent customer base.

Tenure

We are advised a new lease will be made available for a term to be agreed, with our clients current rent payable £27,000 per annum exclusive.

Premises

A terrace shop with forecourt seating set up for 6 covers, extending awning over the forecourt, glazed frontage, and single glazed entrance door that leads into a small entry way with further door leading into the premises which measures approximately 868 Sq.Ft. and is arranged as follows:



MAIN RESTAURANT AREA with high ceilings, hanging feature lighting, air conditioning system, CCTV system throughout, tiled flooring and currently arranged for 38 covers, however, can be arranged for 44 covers if required. To the right hand side at the front is a front of house counter, then a few steps further on to the left hand side is a chest height BAR behind which is equipped with a coffee machine, coffee grinder, till system, stainless steel sink, wine racking, alcohol display shelving, double under counter display fridge, triple under counter display fridge, glass washer and an ice machine. An opening to the back right hand side of this area leads to a walk way with 3 doors off.

Kitchen

First opening on the left hand side leads into the COMMERCIAL KITCHEN with tiled flooring, large COMMERCIAL EXTRACTOR system and currently arranged to provide stainless steel prep table with under counter refrigeration and saladette, charcoal grill. wash hand basin, various stainless prep tables, twin basket fryer, 6 burner oven, chest freezer, 2 x microwave, upright freezer, 2 x large walk in fridges, stainless steel double sink, dishwasher, and mincer machine. An opening at the rear of the kitchen leads outside to a PARKING AREA where there are 2 designated parking spaces, over 1 space is a STORE which is equipped with hot water dispenser, washing machine, large upright display fridge and racking. Separate Male & Female WCs with Disabled and Baby Changing facilities. There is a hatch in the roof at the rear, which leads up to a STORE area which currently houses the wine and glasses.

Trading Hours

Sunday - Thursday 12 pm - 10 pm, Friday & Saturday 12 pm - 11 pm. The premises is licenced for the sale of alcohol Sunday - Thursday until 11 pm, Friday and Saturday until 12 midnight.

Staff

The business is run by the vendors on a full time basis with the assistance of 3 part time and 2 full time members of staff.

Turnover

We are advised turnover averages £15,000 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 £24,250 and we are advised the business rates are payable at £3,500 per annum.

Legal Costs

Each party to be responsible for their own, with the landlords costs for the surrendering of the existing lease to be the responsibility of the vendor and the landlords costs for 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.