BILLERICAY ESSEX IN PRIME HIGH STREET LOCATION A MAGNIFICENT HAMBURGER REST
Price:
Leasehold - £145,000
Location:
Essex , Billericay
Business Type:
Food Service Businesses
An ultra modern Hamburger & Fast Food Restaurant trading under the world famous Wimpy brand name. The Wimpy brand was created in the 1950s and inspired by the character of J. Wellington Wimpy from the Popeye cartoons. The first "Wimpy Bar" was established at the Lyons Corner House in Coventry Street, London. By 1970 the business had expanded to over a thousand restaurants in 23 countries. In 1977, the business was acquired by United Biscuits. In 1989, the business was sold to Grand Metropolitan who had acquired Burger King the previous year and they began to convert the "counter service" restaurants to Burger King restaurants. In 1990, the remaining 220 "table service" restaurants were purchased by a management buy-out backed by 3i. A second management buy-out occurred in 2002. In 2007, Famous Brands, which owns the Wimpy franchise in South Africa, acquired Wimpy UK. Having acquired the brand, Famous Brands has re-branded Wimpy in the UK to bring it in line with Wimpy South Africa. The "new" logo is actually one used by Wimpy UK from the 1960s until the 1980s. Wimpy features new décor, seating and signage and a return to the original Wimpy colours of red and white. Supporting the new look is an improved menu and a significant marketing campaign.
In approx 1,430 sq.ft. and the subject of a complete refurbishment programme in 2007. A delightfully quaint frontage provides access to the Restaurant with a fully tiled floor. Seating for 68 covers on both chairs and bench seating. The left hand flank wall comprises the service counter with access to the open plan kitchen space, which is of the highest quality. The ground floor is fully air-conditioned. Ladies, Gents and Disabled Persons Toilets. Passageway leading to a store and Fire Escape, which opens onto the rear open yard and then to external elements with access to a side pedestrian alleyway. Secondary means of access to other storage, and also to another exit to the rear yard which houses a free-standing Coldroom used for storage, having a chest freezer. 1st floor divided into two Offices of approx 100 sq.ft. and 135 sq.ft. which our Client lets under an informal arrangement with the Estate Agents next door, and which provides a rental income of £6,000 per annum.
Billericay is a commuter town in Essex with a population of 40,000. The town lies 25 miles to the east of central London and 7.6 miles to the south of the county town of Chelmsford. Billericay is a part of the London commuter belt. It is served by Billericay railway station on the National Express East Anglia route from Liverpool Street. Billericay is close to two primary routes, the A12 to the north and the A127 in the south. The town is a destination on the A129, linking it to the neighbouring towns of Brentwood and Wickford.
Leasehold. Granted for 25 years from February 1991, subject to 5 yearly rent reviews, the next in 2011. (The lease of the premises comprises the Restaurant, the Offices above & the adjoining premises. Our Client granted a sub-lease of the adjoining premises to tenants who run a Hairdressing business, and this generates a rental income of £18,000 per annum. In addition, our Client also lets (under an informal arrangement) the Offices above and this generates additional rental income of £6,000 per annum). Current rent £44,000 pr annum plus approx £2,600 per annum in respect of access over the rear alleyway.
Monday to Saturday 9am-8.30pm, closing at 9pm on Fridays and Saturdays. Sunday 11am-7pm.
North Yorkshire
£ 750,000
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