Well presented Restaurant/Bar venue in Ingatestone

Assigned Agent
Location
Price
£ 195,000 + SAV
  • Price £ 195,000 + SAV
  • Agent Neil Mansell
  • Property type Restaurant
  • Reference EX3821
  • Contract type Leasehold
  • Location Ingatestone
  • Listing categories Pub / Bar, Restaurant / Cafe

SUMMARY

The business was completely refurbished in October 2018 and has grown to become a very popular venue in the local area. The property is well presented to a high standard and offers a unique opportunity with the outside terrace offering additional capacity during the better weather months. Open 7 days per week the business focuses on day time trade during the week and additionally at the weekends for parties, private events & functions. The setting offers huge potential for further growth as well as continuation of the trade that has been developed so far.

 

LOCATION

Ingatestone is a village in Essex with a population of approximately 5,000 and is a main commuter town with many people travelling into London on a daily basis for work. Located close to the main areas of Brentwood (5 miles) & Chelmsford (6 miles) the venue it situated on the main High Street that runs through the village. The village is accessible from the A12 and also on the main trainline into London Liverpool Street.

 

THE PROPERTY

This is an attractive, glass fronted property situated just off the High Street in Ingatestone. The property benefits from the external terrace which offers capacity for approximately 36 covers as well as an internal mezzanine area for approximately 24 covers. The main restaurant area is open plan and offers a variety of lay outs however typically caters for up to 45 covers.

To the front of the property is a large amount of car parking provision which is free for 2 hours per day & unrestricted overnight.

Overall the property is approximately 2,300 sq.ft. To the rear is a fully fitted commercial kitchen and storage/preparation area as well as customer toilets.

 

BUSINESS

The business currently opens at the following times:

Mon – Fri (8.30am – 4pm)

Sat (9am – 4pm) & Sun (9.30am – 1.30pm)

There are regular weekend booking for events, functions and private parties and these help to bring in additional income. New owners may wish to open regularly in the evenings as there appears to be a demand for that in the local area.

All equipment which is used for the day to day running of the business is included in the sale including the air conditioning units, CCTV system & alarm. We are advised that turnover averages £6,500 per week including functions.

 

BUSINESS RATES

The Rateable Value (RV) is £18,250. Please see the Valuation Office Agency website at www.voa.gov.uk for more information.

 

PRICE

To include leasehold premises, fixtures & fittings: £195,000

The EPC Rating is ‘C’.

  • Address 1 Upper Chase
    Chelmsford
    Essex
    CM2 0BN

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