Business for sale

Business description

Turnover: We are informed the turnover currently averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.


Price: OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £230,000 plus STOCK AT VALUATION (£5,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features Spacious double fronted Restaurant (the front can be fully opened in summer, weather permiiting).

At present Spanish/Italian cuisine.

Full Gas Fired Central Heating

Attractive woodstrip floor, high ceiling with 2 ceiling fans, inset lighting, wall lighting plus 4 large mirrors to walls. Quality tables and chairs providing seating for 65 persons. New wooden bar with high stools, mirrorbacked shelving, glass washer, sink, 1 3-door glass fronted counter fridge, 2 group coffee machine.

Attractive open staircase to first floor

Front room with woodstrip floor with tables and chairs providing seating for an additional 40 persons

Ladies' cloakroom with tiled floor, half tiled walls, 2 w.c's, wash hand basin

Gentlemen's cloakroom with tiled floor, half tiled walls, urinal, w.c. and wash hand basin

From the ground floor there are stairs to large basement providing large commercial kitchen. New tiled floor. Fully equipped including 2-6 burner gas cookers, double deep fryer, grill, stainless steel tables, griddle, fridge/freezer, 2 fridges, 6-pot bain marie, dishwasher, walk-in coldroom, 2 deep freezes, fridge.

Staff changing area
Staff w.c.
Wine Store


Staff The Restaurant is at present operated by the vendor together with the assistance of his wife on a part time basis. In addition, staff employed - kitchen - 1 full time chef plus plus part time kitchen staff. Restaurant - 5 part time waiters/waitresses.


Opening Hours 12 noon - 2.30 p.m. & 6 p.m. - 10.30 p.m. seven days per week
In our opinion there is potential for additional opening hours


Accommodation The spacious living accommodation, which is completely SELF CONTAINED, comprises:

Second Floor
Large Lounge
Spacious Kitchen
Bathroom with bath, w.c. and wash hand basin

Third Floor
3 Bedrooms (2 doubles, 1 single)

Fourth Floor

Self contained Flat, comprising:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge with kitchen area

We understand from the vendor there is potential for sub-letting the accommodation, which we are further advised should provide a rental income of approx. £16,000 p.a. should the accommodation not be required for private use.


Outside Yard at rear


Tenure We understand the premises are held on a secure renewable lease from a private landlord having approx. 5 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 1 years, with rent to be agreed thereafter.

We further understand that subject to satisfactory references, the landlord is prepared to consider granting a longer lease at terms and rent to be agreed.

Uniform Business Rates: £5,500 p.a. approx. + water rates (metered)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND IS NOW OFFERED FOR SALE AS THE VENDOR WISHES TO SEMI-RETIRE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R7291