Business for sale

Business description

Location this business is located in dorset.

Turnover we are informed the turnover averages in the region of £5,000 p.w. Inclusive of vat. We are further advised that the sales year ending march, 2007 showed £231,000 with a gross profit of £130,000. In addition, the accommodation over is at present used for letting and had a turnover year ending march 2007 of £11,749.

Price to include the valuable freehold property, goodwill, fixtures & fittings £645,000 plus stock at valuation
substantial mortgage to an approved applicant

Features listed building. Tudor property

Outstanding opportunity to acquire a most attractive character old established licensed restaurant. In our opinion the business will benefit from the redevelopment that is being undertaken in the town and on portland. There is also the potential from the olympic sailing event in 2012.

Restaurant with beamed ceiling, exposed stone walls, fully carpeted, electric heating. Quality tables and chairs providing seating for 40 persons. Attractive bar with mirror-backed shelving, wall and ceiling lighting etc.

Fully tiled ladies' and gentlemen's cloakrooms

Rear kitchen with non-slip floor. 2 6-Burner gas cookers, 1 grill, 2 domestic microwave ovens, 3 stainless steel counter fridges, small deep freeze, larder fridge, glass washer, double sink and drainer, wash hand basin etc.

Small dry storeroom with fridge, chest deep freeze, upright fridge/freezer etc.

Staff cloakroom with w.c. And wash hand basin

Staff the business is at present operated by a husband and wife team with the assistance of 2 full time staff plus 5 part time staff in the summer months. (We understand less part time staff are employed during the winter months)

Opening hours monday - saturday inclusive - 7 p.m. - 10 P.m.
In addition the restaurant is open on sunday evening from 7 p.m. - 10 P.m. During the summer months I.e. From may bank holiday to the end of august.
We are further advised that the restaurant is closed for 4 weeks holiday each year (2 weeks in january, 1 week in november with additional few days during the year).

Accommodation the superb living accommodation all in excellent condition and with night storage heating, comprises:

Ground floor front entrance to first floor comprising:

Large lounge
separate dining room
fully fitted kitchen
bathroom with bath, w.c. And wash hand basin

Stairs to second floor comprising:

1 Double bedroom plus 1 twin bedroom

Tenure uniform business rates: £4,500 p.a. Approx. + Water rates

Personally inspected and highly recommended

Must be seen to be fully appreciated


reference : r8451