Restaurant For Sale

Business description

Full On Licence held.

Public Car Park in front of the premises plus no parking restrictions in the town

This spacious property has been refurbished to a high standard by the present owners and must be seen to be fully appreciated.

The entire property has full Gas Fired Central Heating and is fully Double Glazed.

Ground Floor Entrance to Lounge Bar area, fully carpeted, wall and ceiling lighting. Tables and chairs plus upholstered bench seating for 40 persons. Bar, 1 real ale pump, sink.

Adjoining spacious Restaurant, carpeted. 2 open fireplaces (1 with feature gas fired log burning coal effect fire), wall and ceiling lighting. Tables and chairs providing seating for 38 persons.

Second Restaurant (known as The Garden Restaurant with patio doors to patio), contemporary theme with oak strip floor. Tables and chairs providing seating for an additional 35 persons.

Ladies' cloakroom, fully carpeted, half tiled with vanity unit and wash basin, 2 fully tiled w.c's
Gentlemen's cloakroom with 3 urinals, w.c. and wash hand basin

Commercial kitchen with non-slip floor, fully equipped including 6-burner gas cooker, double deep fryer, hot cupboard, charcoal grill, 1 Fosters stainless steel fridge, stainless steel shelving, stainless steel tables, large gas grill, double sink and drainer, dishwasher etc.

Cellar with new cooling system, 3 new chest deep freezes

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £990 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS AND SUPERBLY FITTED LICENSED RESTAURANT/FREEHOUSE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS living accommodation situated on the first floor comprises: 4 Bedrooms (3 doubles, 1 large single) Spacious Bathroom with bath, shower over bath, w.c. and wash hand basin Large Lounge with fully fitted kitchen area approx. 30ft long

Location:

Spacious end of terrace property, SOUTH WALES.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £4,000/£4,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. (We understand the split of turnover is approximately 70% catering with the balance of 30% wet sales).

Reasons for selling:

To Include The New Lease, Goodwill, Fixtures & Fittings £99,500 Plus Stock At Valuation Substantial Loan To An Approved Applicant Or Offers Invited To Include The Valuable Freehold Property, Goodwill, Fixtures & Fittings In The Region Of £375,000 Plus Stock At Valuation Substantial Mortgage To An Approved Applicant

Trading hours:

Monday - Thursday evening - 6 p.m. - 11 p.m.
Friday & Saturday - 5 p.m. - 12 midnight
Sunday - 12 noon - 12 midnight

Financing available:

Substantial Loan To An Approved Applicant.