Property photos
Retirement
£170,000
Restaurant for sale
Late Licence Kebab, Chicken & Pizza Shop, Essex CO3Local area information
Property location
Nearby amenities
- St Thomas More's Catholic Primary School, Colchester 0.2 miles
- Colchester Town 0.2 miles
- St John's Green Primary School 0.3 miles
- Colchester 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Colchester to find out more about the local area.
Features and description
Late licence kebab, chicken & pizza shop occupying a secondary trading position just off the high street of this historic market town in north essex. The business is established as the oldest kebab shop in the town and has a wide-ranging menu inclusive but not limited to Humus, Tarama, Dolma, Burgers, Scampi, Rice, Kebabs, Rumbaba, Baklava, Pizza and Fried Chicken. The business has been operated under the current ownership since 1997 by our client who has been in the town and trade since the 1990's who has brought it to market with a genuine reason for sale due to retirement. There is a full complement of equipment and the late licence allows for trading until 3 am 7 Days a week. Cost of Stock to be paid on Completion. Our ref: RX263181
Location
The business is situated on a busy secondary parade that adjoins the main High Street with the town centre and it is further surrounded by major retailers, office traders, independent retailers with additional footfall form the students of the sixth form college
Tenure
A new secure fr&I lease will be made available with the term to be agreed at an asking rental of £20,000 per annum exclusive
Exterior Front
Lock up wood framed shop with treble glazed windows to the left hand side of a part glazed wood framed single door entrance which has a well signed and well-lit fascia directly above, in addition to a wall mounted illuminated sign
Restaurant/Takeaway
Large open plan rectangular in shape with full length stainless steel serving counter, strip lighting, CCTV, Wall mounted illuminated menus, flat screen tv, 10+ Covers and 4+ Bar stool seating. Fully equipped with Zanolli Pizza Oven, Microwave, 3 Door pizza fridge with 8 pot toppings saladette, Double under counter drinks display fridge, Up-right drinks display fridge, Hot top box display cabinet, Chip warming cupboard, Valentine double fryer, Archway 3 burner grill, Under counter freezer, 4 Door fridge with prep counter, 2 x Kebab machines, 4 Pot Bain Marie and a Henny Penny chicken machine. Towards the rear of the property is an open doorway to the Kitchen/Prep Area further equipped with ePos Till, Stainless steel prep tables with steps down to storage and racking with a separate Walk in freezer and Walk in fridge. Additional stairs lead you down to the staff toilets and 3 additional storage rooms
Rear Exterior
Shared courtyard/garden area which can be self-contained
Staff & Trading Hours
Vendor (Brothers) work full time and are assisted by 3 full time members of staff. 4pm - 3am Monday to Sunday
Turnover
We are advised the average takings are £8,500 per week. Full financial information will be disclosed at our clients discretion on or after an initial meeting has taken place
Business Rates
The shop is subject to a rateable value of 9,400 resulting in zero business rates payable for 2017/2018
Legal Costs
Each party to be responsible for their own legal costs incurred within the transaction
Summary
Shop size as per The Valuation Office Agency (voa) are described as: Retail Zone A 23.5 sq m, Retails Zone B 7.6 sq m, Internal Storage 24.2 sq m in total 55.3 sq m (Approximately 595 Sq ft)
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
Location
The business is situated on a busy secondary parade that adjoins the main High Street with the town centre and it is further surrounded by major retailers, office traders, independent retailers with additional footfall form the students of the sixth form college
Tenure
A new secure fr&I lease will be made available with the term to be agreed at an asking rental of £20,000 per annum exclusive
Exterior Front
Lock up wood framed shop with treble glazed windows to the left hand side of a part glazed wood framed single door entrance which has a well signed and well-lit fascia directly above, in addition to a wall mounted illuminated sign
Restaurant/Takeaway
Large open plan rectangular in shape with full length stainless steel serving counter, strip lighting, CCTV, Wall mounted illuminated menus, flat screen tv, 10+ Covers and 4+ Bar stool seating. Fully equipped with Zanolli Pizza Oven, Microwave, 3 Door pizza fridge with 8 pot toppings saladette, Double under counter drinks display fridge, Up-right drinks display fridge, Hot top box display cabinet, Chip warming cupboard, Valentine double fryer, Archway 3 burner grill, Under counter freezer, 4 Door fridge with prep counter, 2 x Kebab machines, 4 Pot Bain Marie and a Henny Penny chicken machine. Towards the rear of the property is an open doorway to the Kitchen/Prep Area further equipped with ePos Till, Stainless steel prep tables with steps down to storage and racking with a separate Walk in freezer and Walk in fridge. Additional stairs lead you down to the staff toilets and 3 additional storage rooms
Rear Exterior
Shared courtyard/garden area which can be self-contained
Staff & Trading Hours
Vendor (Brothers) work full time and are assisted by 3 full time members of staff. 4pm - 3am Monday to Sunday
Turnover
We are advised the average takings are £8,500 per week. Full financial information will be disclosed at our clients discretion on or after an initial meeting has taken place
Business Rates
The shop is subject to a rateable value of 9,400 resulting in zero business rates payable for 2017/2018
Legal Costs
Each party to be responsible for their own legal costs incurred within the transaction
Summary
Shop size as per The Valuation Office Agency (voa) are described as: Retail Zone A 23.5 sq m, Retails Zone B 7.6 sq m, Internal Storage 24.2 sq m in total 55.3 sq m (Approximately 595 Sq ft)
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
More information
Listed by
Gilbert & Rose Commercial
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