Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Bar And Restaurant In Keswick For Sale

Keswick, Cumbria
Freehold Price:
£650,000
Leasehold:
£85,000
Turnover:
£362,000
Net Profit:
Available on request

• Busy 54 cover all day bar and restaurant with outside seating
• Popular bustling central Lake District tourist town
• Prominent town centre dining and drinking venue
• Freehold includes two 2-bedroom and one 1-bedroom self contained flats on upper floors
• Bar restaurant business also available separately on a leasehold basis

LOCATION
Keswick is a busy tourist town situated in the Lake District National Park about 18 miles west of Penrith and junction 40 of the M6 Motorway via the A66. It lies adjacent to Derwent Water, surrounded by stunning Lakeland fells and provides a range of shops, hotels, restaurants, pubs and other tourist related businesses and facilities. The resident population is around 5,600 but the tourist season in the town now lasts for most of the year providing a substantial non-resident population. Major retailers include, George Fisher, Boots, Blacks, and Edinburgh Woollen Mill. The property is in a prime trading position in Keswick town centre.

BUSINESS
A busy and popular all day dining and drinking bar restaurant which was acquired by the current owners in 2007 . It underwent major refurbishment and rebranding to Lakes Bar and Bistro in 2011. It is open daily between 10.00am and 11.30pm and operates with 9 full and part time staff. It has a full premises licence. We are advised that sales for the year 2015/16 were £361,412 net of VAT. Full accounts will be made available to bona fide applicants, normally after viewing.

ACCOMMODATION
An imposing 3 storey Lakeland stone building with a restaurant bar and catering kitchen on the ground floor and 3 upper floor flats suitable for holiday, staff or long term letting with separate access via outside stairs and a roof terrace. The accommodation includes:-

Ground Floor

Bar/ Restaurant, (8.77m max x 9.91) with tables and chairs for approximately 54 covers plus outside seating for about 12, bar servery, air conditioning, flat screen TV and feature stone wall;
Ladies, Gents and Disabled Toilets;
Catering Kitchen, (5.97 x 3.32m) with stainless steel worktops, extractor,tiled walls, non-slip floor and is fully equipped in accordance with an inventory to be provided;
Store/Prep Area (7.79m x 2.90m) with non-slip floor; walk in utility; beer cellar and walk in fridge off.

First Floor Flat

Hall;
Living Room (4.88m x 4.74m) leading to;
Bedroom 1 (3.17m x 4.75m);
Bedroom 2 (3.89m x 3.22m) with built in wardrobe;
Kitchen (2.63m x 2.70m) with wall and base units and plumbing for washer leading to;
Bathroom with bath, shower, WC and wash hand basin.

Second Floor Flat 2

Hall;
Living Room (3.95m x 4.74m) open to;
Kitchen (3.94m x 2.95m) with wall and base units and plumbing for washer;
Bedroom 1 (3.63m x 3.14m);
Bathroom with bath having shower over, WC and wash hand basin; Bedroom 2 (3.32m x 4.65m).


Flat 3 (with separate access from roof terrace)

Shower Room;
Kitchen;
Bed/Sitting Room.

All references to areas and dimensions are deemed to be approximate.

SERVICES
We are advised that mains water, electricity, gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

TENURE
The whole property is offered freehold with the business.

Alternatively, the bar and restaurant business is offered for sale separately with the purchaser taking a new lease of the ground floor subject to agreement of terms.

OCCUPATIONAL AGREEMENT
The flats are let from time to time on Assured Shorthold Tenancies at rents of £550 pcm for each of Flat 1 and 2 and £300 pcm for Flat 3.

RATES
Description in list: Restaurant and Premises
Rateable Value: £27,500 (2017 List)
Council Tax: Flat 1 & 2 Band B

The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.

GOODWILL, FIXTURES & FITTINGS
Included in the sale is goodwill and an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.

EPC
Bar/Restaurant Rating E
Flat 1 Rating E
Flat 2 Rating F
Copies of all EPC’s are available from the agent.

Property information

Property:

Available as freehold and leasehold

Energy Performance Rating:
E

Other Information

Leasehold asking price:
£85,000

Contact Broker

Contact Information

    1. Your Address

    2. Optional
  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here