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Beautifully Presented Restaurant For Sale

Loughborough, Leicestershire
Asking Price:
£99,995
Turnover:
£210,000
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market The Black Sea Restaurant in Loughborough.

The business has been operated by the current owners for just over 9 months and which due to family circumstances this very rare and exciting opportunity has now become available.

The site has been completely refurbished by the current vendor to a very high standard and represents a turn key business opportunity for a new owner to either continue with the current Romanian & Mediterranean food offering and business model or to put their own spin on the site and take this golden opportunity to the next level.

The business currently serves a range of delicious freshly prepared Eastern European dishes with both Romanian and Mediterranean influences for consumption either on or off-site via a home delivery & collection service. The venue itself lends itself brilliantly to special occasions such as Birthday’s Weddings & Christenings with over 80 covers in total spread out over the main trading area which has been completely refurbished affording comfortable seating in exquisite surroundings.

There is no similar site with the same food offering within the local area which will make interest in this site and opportunity very popular. The site is spread out across the ground floor with completely refurbished WC facilities which can also be accessed by wheelchair.

There is staff parking to the rear of the site and easy access from the large kitchen to the main service area.

The Black Sea represents a very rare business opportunity within this sector with sensible in-going and running costs with the added benefit of the new owner operating from an almost brand-new site.

Menu – ---.-------------------.--.--

Location
Situated on Swan Street at the top end of the Rushes in the centre of the sought-after market town of Loughborough in Leicestershire. The site is easily accessible on foot and by all modes of transport with easy access from all the road network links within the town with the added benefit of a large Pay & Display car park just a short stroll away.

Premises
Large site situated within a ground floor trading area on The Rushes in Loughborough, front entrance into main trading area with newly appointed bar.

All Tables and Chairs, internal fixtures & fittings, lighting, air conditioning-units CCTV, electronic till system kitchen to the rear with additional storeroom, the main kitchen equipment and ovens are currently leased which the new operator could either continue with the current arrangement or look to install their own cooking facilities.

Refurbished WC facilities, additional secure staff parking to the rear of the site.

The premises also holds an alcohol lincense & live music license, recorded music, performance of dance and has a kids area

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £18,000 per annum with over 9 years remaining on the current 10 Year lease.

Hours
Tuesday to Thursday: 5.00pm to 11.00pm
Friday: 5.00pm to 12.00am
Saturday: 12.00pm to 12.00am
Sunday: 12.00pm to 11.00pm
Monday: Closed

Staff
The business is run and managed by the current vendor with the assistance of 4 x full time staff operating on a self-employed basis.

Financial Profile
We are advised the business is currently turning over in the region of £180,000 per annum on a new business model trading limited hours.
The site is currently undergoing a business rate review.

Property Information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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