Wedding Venue & Restaurant for Sale in Cambridgeshire
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire.
We have been informed that, last year the business generated gross sales of circa £475,000 without operating the restaurant to its full potential. This year they have projected the sales to increase up to £700,000 with increased restaurant trade.
Property ID: RPS-21700
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
10 boutique bedrooms
Large Restaurant with Outdoor Seating
Large Car Parking Space
Fully Equipped & Modern kitchen facilities
Gas & Extraction in Place
Benefits from Premises Licence
LEASE DETAILS
Lease Ending Sep 2031 (Inside LTA 1954 Act)
Current Rent: £96,000 PAX
Rent Review Term: 5 years
Next Rent Review: TBC
Premium: POA (Business, Lease and Fixtures & Fittings)
LANDLORD’S REQUIREMENT
3-6 Month’s Rent Deposit Required (subject to references)
Personal Guarantor (subject to references)
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility
PREMISES
10 boutique bedrooms
Large Restaurant with Outdoor Seating
Fully Equipped & Modern kitchen facilities
Benefits from Premises Licence
Permitted Hours: Mon – Sat: 10am – 12 am & Sunday: 12pm – 11:30pm
5 Star Food Hygiene Rating
Payable Business Rates: Circa £42,415/annum (Rateable Value: £85,000)
THE LOCATION
Cambridgeshire
TRADING
£475,000/annum (year-end November 2023). They have informed us that this revenue is without fully operational restaurant
Currently our client manages business with 5 full time staff members.
We have been informed that with additional restaurant trade, they are projecting gross revenue of more than £700,000 per annum this year
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
