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AN OUTSTANDING AND HIGHLY IMPRESSIVE CAFÉ AND RESTAURANT OFFERED ON A PRIVATE ‘FREE OF TIE’ LEASE, LOCATED IN THE AFFLUENT AND SOUGHT AFTER VILLAGE OF STANSTED MOUNTFITCHET, ESSEX

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  • Prominent and well positioned business (close to the train station) situated in the highly desirable and prime location of Stansted Mountfitchet (close to Stansted Airport).
  • Relaxing Café Area (circa 20+) and a versatile and multi-functional Restaurant (circa 60+ covers).
  • Fully equipped Commercial Catering Kitchen.
  • Presented in excellent decorative order having been refurbished and modernised throughout with no expense spared.
  • CURRENTLY CLOSED - Advised historic turnover circa £200,000+ (incl. VAT).
  • Historic trade derived from circa 5% wet sales and 95% food sales.
  • PRIVATE FREE-OF-TIE RENEWABLE LEASE WITH A FAVOURABLE RENT.
  • IDEAL FIRST TIME BUY.
AN EXCITING OPPORTUNITY TO ACQUIRE THIS TRULY SUPERB BUSINESS PROPOSITION OFFERING IMMENSE GROWTH POTENTIAL.


ASKING PRICE £30,000 ‘FREE OF TIE’ LEASE TO INCLUDE FIXTURES & FITTINGS, EXCLUDING S.A.V.

Location

This superbly presented café and restaurant is situated in the highly sought after location of Stansted Mountfitchet (near Stansted Airport).

Situated within the commuter belt being approximately ONLY 30 miles from the capital city of London and also having excellent road communications providing easy access to the M25, A1(M), A120 and the M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Stansted, Heathrow and Gatwick.

This excellent café and restaurant is well positioned to draw trade not just from the high levels of footfall; due to being centrally positioned in the village of Stansted Mountfitchet, but also from within the catchment area of many similar affluent villages and towns in addition to being situated close to Finchingfield, Great Dunmow, Braintree and Bishops Stortford.

There are also numerous extensive residential and commercial developments currently being undertaken within the immediate and surrounding locale, which when completed will increase the local population immeasurably and therefore have a tremendous positive impact on the business. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This impressive 18th century Grade II listed property occupies a prominent trading position within this densely populated commercial and residential location. Main entrance at the front leading into the lobby with access to the Café and the Restaurant.

Café (circa 20+) being of a good size, providing an inviting and relaxing ambience and is well furnished with an excellent range of solid polished oak tables, leather chairs and leather padded oak chairs. There is also a servery counter and tall standing refrigerated bottle coolers (not tested). Access to the W.C’s and the Courtyard.

Restaurant (circa 60+ covers) is truly delightful room and offers versatile and multi-functional usage; ideal for a variety of events including weddings, wakes and private parties etc and is presented in excellent decorative order. The restaurant is extremely well furnished with an excellent range of solid polished oak tables and a mix of leather chairs, padded leather oak chairs and leather sofas. Adding to the immense charm and character of the room are the beamed walls, the timber pillars and the beamed/vaulted ceiling.

Catering facilities include a fully equipped open plan commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a wash-up room.

Office – situated on the first floor and could be quite easily utilised as a private dining room/meeting room

Ladies and Gents W.C.s.

EXTERNAL

There is a lovely brick paved Courtyard area (circa 30+) at the rear and is furnished with Wratten style tables. There is also a seating area at the front with tables and chairs. Parking facilities for 2/3 cars.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday – Sunday – 11.00am – 4.00pm

The business is currently closed.

NB. Important. Prospective purchasers wishing to continue to operate this café and restaurant should ensure that they gain the APLH Qualification in readiness for their intended operation of this business.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 3 years remaining of the private Free of Tie full repairing and insuring agreement. We are informed that the rent is currently ONLY £19,500 per annum. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently circa £7,000 per annum.

THE BUSINESS

Being currently closed this previously well established and popular business derived trade from circa 5% wet sales and 95% food sales, and therefore provides massive scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the alcohol sales and also the functions potential that is to be found here.

There are many areas of potential to increase upon the historic sales and profitability by implementing a strategic marketing campaign to utilise the premises for weddings, private parties and wakes etc. There is also immense potential due to the high level of footfall and passing trade emanating from the exceptionally busy local commercial businesses and shops; to facilitate increased trading hours which would have an incredible positive impact on the turnover and profits. This is truly an exciting business opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City.

Advised historic turnover was circa £200,000+ (incl. VAT) and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £300,000 (incl. VAT).

This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112

Details Prepared: August 2018

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