THE BUSINESS:

The business prepares and serves hot & cold food, drinks, ice cream and confectionery. Also stocks and sells beach and swimming accessories.

This is an established seasonal business located in an excellent trading position on Promenade Way, Brightlingsea. It has a main entrance onto the road with a large outside seating area, benefiting from passing traffic with a kiosk area inside the town's busy lido to provide food and drink for the swimmers and bathers

It is also close to a large number of beach huts and adjacent to an extensive greensward where 6 boot fairs are held each year and has exclusive catering rights at these events.

AGENTS COMMENTS:

With English Tourism expected to grow 5% year on year this decade, this is a rare opportunity to purchase an established seasonal business in an Essex Tourist Hotspot.

The business is already producing an excellent income from reasonable trading hours but there is ample scope to grow this further.

The Pool Cafe not only benefits from substantial passing trade along the main Promenade Way with free parking outside, it also enjoys a captive audience inside the very large lido area which has the capacity to accommodate up to 400 people.

Together with the additional revenue gained from the exclusive catering rights at the 6 very busy Boot Fairs held each year on the adjacent greensward and the realistic growth potential that can be generated in the next few years, this is a must view business.

LOCATION:

The Pool Cafe is located on the Western Promenade in Brightlingsea, located between Colchester and Clacton-on-Sea, situated at the mouth of the River Colne, on Brightlingsea Creek and is a popular destination for tourists.

In the centre of the town is Jacob's Hall, reputedly the oldest timber-framed building in England, built during the fourteenth century. Also in the town centre is Victoria Place, where many local businesses are based. The Colne Yacht Club has recently renovated Bateman's Tower, a local landmark by the sea, with help from a Lottery Fund grant.

The kiosk is situated close to lines of beach huts, a skate park, boating lake, and inside the town's lido. Brightlingsea is coastal town in the Tendring district of Essex, with an estimated population of 8,500. Being a prime holiday area, the population increases significantly during the summer when this business operates.

TENURE:

There is a 7-year rolling lease with the current tenure ending in 2014. The rent currently is £1,200 p.a.

RATES:

We understand the rates payable are £185 p.a.

THE PROPERTY:

The building is of wooden construction with tiled roof. Comprising a small shop area to the front with kitchen attached and serving hatches from the kitchen onto lido.

EQUIPMENT:

A range of professional catering equipment forms part of sale and includes a Soft Ice Cream Machine, Coffee Machine, Catering Urn, Refrigeration, Griddle, Chip Fryer, Microwaves and outside tables and seating for up to 32/36 covers.

FINANCIAL:

We understand from the vendor the turnover is approx £50,000 with a gross profit of around 50% with an expected growth of 5% over the coming year to reach a turnover of £55,000. The vendor states that detailed accounts are available.

TRADING HOURS:

Open Easter – September (can be extended if good weather continues) 7 days per week. Opening Hours 10:00am – 6:30pm

STAFF:

This is currently a family run business. Full details of staffing available from the vendor

FINANCE:

Horizon Business Transfer Agents have established strong relationships with local banks and finance consultants, should you wish to obtain finance to purchase this business, please contact 0845 241 2531.

VIEWING:

To view please contact the vendor, Adrian Deadman. Due to confidentiality the vendor would grateful if you would only contact him by telephoning 07958 051008

LEGAL FEES:

GUIDE PRICE:

£15.995 for the goodwill, leasehold interest, fixtures, fittings and equipment plus s.a.v.