Attractive Licensed Restaurant Specialising In Seafood And Steaks For Sale

Business description

Victorian property with Full Double Glazing

ATTRACTIVE DOUBLE FRONTED RESTAURANT with bamboo wooden flooring. Tables and chairs providing seating for 28 persons. Wall and ceiling lighting.

SEPARATE LOUNGE BAR (ideal as an additional Restaurant area, if desired). Bamboo wooden flooring. Bar with optics. Tables and chairs.

Large level Kitchen, with tiled floor. Fully equipped including solid top gas cooker with oven plus 2 additional burners, stainless steel extractor system, stainless steel table, stainless steel counter fridge, upright fridge, upright deep freeze, single sink and drainer, dishwasher, electric grill, 2 deep fryers, gas chargrill etc.

Ladies' & Gentlemen's Cloakrooms, each with w.c. and wash hand basin.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease expiring in 2014 at a rental of £19,000 p.a. exclusive of rates. We are further advised that the landlord, subject to satisfactory references will grant a new 10 years lease at a rental of £19,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: First Floor 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Large Lounge Kitchen Second Floor SELF CONTAINED STUDIO FLAT, comprising: Large Double Bedroom with

Location:

Secondary trading position, residential area, DEVON.

Other information

Expansion potential:

WE ARE INFORMED the turnover is in the region of £60,000 p.a. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the turnover in the summer months is in the region of £2,500/£3,000 p.w. with the minimum winter turnover in the region of £600 p.w.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £24,950 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

4 Evenings per week
Wednesday, Thursday, Friday & Saturday - 6.30 p.m. - 9 p.m. (last orders)

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.