Fully Fitted Restaurant | Asset Sale | Lease Premium £60,000

CoGoGo presents an exciting and flexible opportunity to acquire a prominent hospitality premises in a busy Chelmsford location, with two purchase options available to suit the incoming operator.

The premises can be acquired as an empty unit, providing a fantastic blank canvas for a buyer looking to introduce their own brand, concept and fit-out.

Alternatively, buyers have the option to acquire the existing business together with its assets, fixtures and fittings, offering a more turnkey route and the opportunity to take advantage of the restaurant's existing infrastructure and established set-up.

The premises are currently fitted as a modern restaurant and bar, with a fully equipped commercial kitchen, quality fixtures and fittings and a 5-star Food Hygiene Rating.

Whether the purchaser is looking to start completely from scratch or secure an established hospitality set-up, the flexibility of the sale makes this an excellent opportunity for a wide variety of concepts, from restaurants and cafés to bars, brunch venues or international cuisine.

The current owners are selling due to family commitments.



Location
Occupying a prominent position at 7 Baddow Road, Chelmsford, the premises sit within a vibrant restaurant and leisure destination just a short walk from Chelmsford city centre, surrounded by independent businesses, national operators, bars and retail outlets. The location enjoys excellent footfall, passing traffic and easy access to public transport and nearby parking.



Premises

The property is presented to a high standard and offers buyers complete flexibility over how they wish to acquire the opportunity.

The premises are available as an empty unit, ideal for an operator wishing to install their own concept and equipment, or alternatively, the existing business and assets can be acquired, including the current fixtures, fittings and equipment, with a full asset list available upon request.

A particularly valuable feature is the two-bedroom flat above, currently used for storage, offering potential for owner accommodation, staff housing or alternative use, subject to any necessary consents

Additional highlights include:

• Fully fitted commercial kitchen
• Modern restaurant and bar fit-out
• Excellent roadside prominence
• 5-star Food Hygiene Rating
• Asset list available upon request
• Stock available by separate negotiation (currently approximately £10,000)

• Lease premium: £60,000
• Rent: £27,500 per annum
• Approximately 10-year lease available

Currently operated with 6 members of staff, providing a ready-made team if required.



Financial Profile

We are advised:

• Business Rates: approximately £12,000 per annum
• Current Stock Value: approximately £10,000 (available by separate negotiation)