Maldon - 0 bed - £69,950 - Dedman Residential

Property details

Bedrooms: 0

DESCRIPTION:
A very attractive and typically English Tea Rooms in the High Street of this renowned Essex town. In addition to the internal seating areas for 38, there is a very pretty Tea Garden to the rear, which provides valuable additional seating space. This is an ideal opportunity for anyone looking to purchase their first Catering business, as it represents the easiest entry level into the Catering industry. Alternatively suitable for say a local husband & wife team.

Property The trading areas total 73.90 sq.m (795 sq.ft.). Inset doorway providing customer access to the 1st of the three areas, used for the display of retail goods. 3 steps up to the primary seating area which itself provides access to the secondary seating area, as well as to the rear Tea Garden. The fully equipped commercial kitchen is located at the very rear of the property. Open Tea Garden with a mature fig tree providing shade during the summer months. Decorated in a typical English Tea Rooms style, with lots of bric a brac and display cabinets with bone china cups & saucers which customers choose to drink their tea from! Toilet & washroom facilities are provided between the 2nd & 3rd areas.

Location Maldon is a town on the Blackwater estuary and the starting point of the Chelmer and Blackwater Navigation. Latest population 15,513. Maldon is known as the foremost modern-day centre for Thames sailing barges. The town holds an annual "Taxi Day" which sees mentally and physically disabled children from London driven to Maldon in London Black Cabs for a fun day of activities and a meal, the event dating back to 1952.

Turnover In the most recent financial year, the turnover has been just below the VAT threshold of £77,000.

Hours Closed Sundays & Mondays. Tuesday - Friday 10am till 3.30pm. Saturdays 9am till 3.30pm.

Staff The business is run by the vendor with 3 part time staff.

Tenure Leasehold. The lease (as at December 2011) has 14 years unexpired. This is a renewable lease. Rent £15,400pa + VAT.

Rates The 2010 valuation refers to the premises as Cafe & Premises with a rateable value of £7,300. Using the 2012/2012 multiplier of .433 in the pound results in a liability of £3,160.90p.

Potential This is a quintessentially English Tea Rooms & Garden, which in our opinion, will be of particular interest to first time Caterers or a locally based husband & wife team.