Licensed Wirral Restaurant & Coffee Shop For Sale

Business description

Upton, Wirral

50 Covers

Central Location

Well Presented Premises

Established 1984

Retirement Sale

Leasehold

Business History:
The vendor established the restaurant in 1984. He has traded successfully and is now looking to retire.

Business Profile:
Licensed restaurant and coffee shop serving a mixture of traditional English and European food.

Accommodation:
This double fronted restaurant was well presented at the time of our visit and is entered by double doors to an internal lobby with further single door opening up into the lower restaurant area.

Lower Restaurant Area:
Wood block flooring, internal pergola type decorative features, spot lights, corner bar with varnished timber/timber effect finishes together with a espresso coffee machine, bottle chillers and fridge. There is an archway with wide steps leading to the upper restaurant area as follows:-

Upper Restaurant Area:
Carpet, three radiators, spot lights and two roof windows.

Ladies Toilets:
Tiled floor and partly tiled walls, wall mounted wash basin plus W.C.

Gents Toilet:
Carpet in lobby area and tiled flooring with W.C. Wall mounted wash basin and extractor fan.

Store Area:
Carpet. There is a separate exit to the side of the property by way of corridor, exit door and metal outer gate.

Kitchen:
Fluorescent lighting, four burner catering cooker with griddle and ovens together with a steak house grill and metal extraction hood. Food mixer, stainless steel work tables, wall mounted stainless steel wash basin, dishwasher, two commercial type stainless steel sinks and drainers, plumbing for washing machine, upright fridge, freezer, upright stainless steel meat fridge, further upright fridge, three stainless steel chip fryers, microwave, bain marie and a stainless steel workbench with heated cupboard underneath.

Staffing:
One full time owner and five part time staff.

Fixtures & Fittings:
A schedule of fixtures and fittings will be made available for prospective buyers.

Property information

Property:

Leasehold

Lease terms:

Financial Profile:
The vendor has accountant prepared accounts for the year ended 31st August 2008 and will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Leasehold. Ten year lease from 2004. Rent £8,000pa. Five yearly reviews. Jolley & Co have not examined any lease documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
Wirral Borough Council have verbally provided the following information: Rateable Value: £6,400. Rates Payable 2008/9: £2,956. Small Business Rate Relief may be claimable upon application.

Price:
£54,950 for the goodwill, fixtures and fittings plus SAV.

Living accommodation:

Accommodation Included.

Location:

Location:
The restaurant is located at the centre of Upton with many retail outlets nearby. Upton is a mostly good residential area.

Other information

Trading hours:

Opening Hours:
11:00am - 3:00pm Tuesday, 11:00am - 3:00pm plus 5:30pm - 9:00pm Wednesday to Saturday. 12:00 midday - 1:30pm Sunday. There may be added potential by extending the opening hours.