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New 100k Net 170 Cover Restaurant/Freehouse Accommodation For Lease

STOKE-ON-TRENT, Staffordshire, UK
Asking Price:
£365,000 Furniture / Fixtures included
Turnover:
£600,000
Net Profit:
£140,000

Fantastic one floor 170 covers restaurant with large/spacious 3 bed accommodation.
Current T/o £575k-£625k+ per annum 2022
Last year adjusted net profit £100k 2021 (on covid sales of £227k)
Only trades 35 hours a week, huge scope to increase hours. 6 days 5pm-10.30pm + 2 hours Sunday lunch.
Cheap rent £24k p/a lease ends 2026 or new lease available. (Rare, external repairs to building are landlords responsibility)
Rates payable £9k current small business relief. Rateable value 20k.
Recent refurbishment
Well furnished
No or little Capex required
Confidential sale as staff unaware.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

10 year lease assigned in 2016. From private individual review at year 5.
24k p/a current. No reviews left ends Oct 2026.
Accommodation included
Building repairs all landlord's responsibility (extremely rare with commercial properties)
Renewable lease or new lease available.

Leasehold Rent:

£24,000 per annum

Living Accommodation:

3 large bed accommodation with modern kitchen, lounge and dining area plus utilities.

Location:

See attached document

Premises Details:

See attached document

Size in square feet:
4,700

Business Operation

Reasons for selling:

Moving to a different region

Trading hours:

Monday closed
Tuesday-Sunday 5pm - 10.30pm
Sunday lunch 12-2.30pm

Employees:
10+
Years established:
2016

Other Information

Furniture / Fixtures value:
£100,000 - included in the asking price
Inventory / Stock value:
£10,000
Related Documents:

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