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Garden Cafe & Poolside Diner, Compass Gardens, Grand Parade, Skegness, Linc

Price:
Leasehold - £74,950
Seller Ref:
sk006785
Location:

Lincolnshire , Grand Parade, Skegness

Business Type:

Commercial Property, Food Service Businesses

See Other:
Cafés for sale in Lincolnshire
Other takeaways for sale in Lincolnshire
Catering premises for sale in Lincolnshire
Food service businesses for sale in Lincolnshire
Commercial property for sale in Lincolnshire
Description:
THE BUSINESS:
* For sale by Assignment of the Lease
* Extended Cafe Kiosk trading to both the Compass Gardens and Swimming Pool (only poolside caterer)
* Selling hot and cold Drinks, Baps, Burgers, Chips, Salads, * Sandwiches, Jackets, speciality and traditional Ice Creams and Waffles
* Excellent Leasehold Business Opportunity
* STAGE PAYMENTS CONSIDERED (subject to status)
Location Details:
From Turner Evans Stevens office in Skegness follow Lumley Road, the main shopping street, over the Clock Tower roundabout and the Compass Gardens lie on the left hand side.

The Garden Cafe/Poolside Diner lies in the most prominent part of the seafront holiday area close to the Clock Tower and main walk to the beach. The Compass Gardens attracts visitors at all times of the year and features the statue of the famous "Jolly Fisherman".

The business has outsales windows to both the Compass Gardens (with cafe seating) and the outdoor Bathing Pool for which it is the sole caterer.
Lease Terms:
Leasehold for a term of 6 years from 1st April 2006 to 31st March 2012 at a current annual rent of £10,000 + VAT paid 20% on 1st April, 40% on 1st June and the remaining 40% paid on 1st August to the landlord (ELDC), plus outgoings.

It is understood verbally from the vendor that the kiosk was extended by them and this part of the structure is owned by them for a certain length of time.

There is a licence to site Tables and Chairs in a defined area (The agents hold copies of the Lease and Licence on file).
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