Contemporary Free Of Tie Café Bar Restaurant For Sale

Business description

A DELIGHTFUL TOP QUALITY CONTEMPORARY 'FREE OF TIE' CAFÉ BAR/RESTAURANT SITUATED IN THE AFFLUENT LOCATION OF RED LODGE, SUFFOLK




A stylish and highly sophisticated Café Bar/Restaurant situated in the sought after location of Red Lodge.
Delightful modern contemporary Restaurant (circa 34 covers), Inviting Lounge Bar (15+).
Fully equipped Commercial Catering Kitchen.
5 years remaining on renewable private 'FREE OF TIE' lease. Rent ONLY £12,500 per annum.
Sales for Y/E March 07 circa £168,000 (incl.).
Reconstituted Net Profit circa £40,000.
65% wet and 35% food.
Trading on reduced hours.
Massive potential for fully focussed hands-on owner operators. Ideal first time purchase.


A SUPERB OPPORTUNITY TO ACQUIRE A 1ST CLASS WELL ESTABLISHED BUSINESS OFFERING EXCELLENT PROFITS IN THIS HIGHLY SOUGHT AFTER LOCALE.


ASKING PRICE £45,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This truly delightful and highly desirable café bar/restaurant resides in the stunning and unspoilt county of Suffolk in the bustling location of Red Lodge and can be easily reached from the A14/A11 intersection near Newmarket.

With Newmarket being just around the corner with its world famous racecourse this bustling part of Suffolk is a hive of activity all year round with an abundance of enticing things to see and do and places to visit that are steeped in history. Being situated close to the major international airport at Stanstead and the M25 London orbital this superb inn is ideally situated to catch an abundance of trade not just from the local and surrounding villages but also receives an excellent level of trade from visitors and tourists coming from afar to this beautiful and particularly popular region. An enviable place to reside and a compelling trade opportunity.

An unmissable opportunity to procure an absolutely excellent business offering superb growth potential. This is certainly a compelling trade opportunity.

THE PROPERTY

This impressive and stylish café bar is part of a purpose built unit of brick construction and occupies a substantial section of the ground floor area. The main entrance at the front leads into the Lounge Bar.



Lounge Bar (15+) is an inviting and relaxing room having a feature return bar servery with a matching back fitting with shelving and refrigerated bottle coolers (not tested) which is complimented by the loose polished tables, the comfortable leather upholstered sofas, the leather upholstered chairs and the upholstered bar stools. Access to the W.C's and Restaurant.

Restaurant (circa 34 covers) is a good sized stylish and modern contemporary room with loose polished tables and upholstered chairs.

This delightful restaurant is a warm and inviting room exuding a relaxing ambience for the most discerning diner.



Ground Floor Cellar (accessed from behind the bar) with pumps, python and cooler.

Ladies, Gents and Staff W.C's.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

EXTERNAL

There are ample car parking facilities shared with the community centre. There is a paved patio area with timber benches/seating and a children’s play area.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sunday - Thursday - 11.00am - 11.00pm

Friday and Saturday - 11.00am - Midnight

The current trading hours are as follows:

Mon, Wed and Thurs - 6.00pm - 11.00pm

Tues and Fri - Midday - 3.00pm and 6.00pm - 11.00pm

Saturday - Midday - 4.00pm and 6.00pm - 11.00pm

Sunday - Midday - 4.00pm and 6.00pm - 10.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

We are advised that the inn benefits from all mains services and uses gas fired central heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 5 years remaining of the original private 'FREE OF TIE' full repairing and insuring, renewable agreement. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954. Business rates payable are to be advised. Rent is currently ONLY £12,500 per annum.

THE BUSINESS

This delightful café bar/restaurant is currently run under management by a full time bar manager, a full time chef, a part time chef and 3 part time bar staff/waitresses. Due to other non-related business ventures our vendor clients have reluctantly decided to sell this superb business, hence the instructions to sell. This highly popular and well established café bar/restaurant is an extremely successful and profitable business and already having a solid trading foundation still offers a new enthusiastic entrepreneurial 'hands-on' partnership considerable potential to increase the sales, especially by simply extending the trading hours. The business premises can be run extremely cost effectively on relatively low overheads resulting in higher profitability. Sales for Year End 31st March 2007 are declared at circa £168,000 (incl.). Trade split is approximately 65% wet and 35% food. In our opinion there is excellent potential to increase the turnover and would expect a new fully focussed partnership to easily achieve a turnover in excess of £200,000 (incl.).

Proposed lessees should have catering/bar experience commensurate with a quality licensed establishment and/or excellent entrepreneurial business experience.

Accounting information will be made available to interested parties after viewing.

The asking price reflects the location and the quality of the fixtures and fittings.

Property information

Property:

Leasehold