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Popular Traditional Restaurant In Gloucester Docks For Sale

Gloucester, Gloucestershire, UK
Asking Price:
£48,995
Turnover:
£110,000
Net Profit:
Available on request

We are pleased to present an exciting opportunity to acquire a well-established family-run restaurant situated in the heart of the thriving Gloucester Docks complex. With a prime location and a loyal customer base, this restaurant offers a unique blend of traditional English cuisine in a tastefully decorated setting.

Key features:
- Fantastic location in the Gloucester Docks complex.
- Highly rated on Google and Tripadvisor.
- Outdoor dining space for up to 40.
- Established, well known, thriving and highly reputable business.
- Enjoys high footfall from regular customers as well as passing visitors.
- Food Hygiene rating "5"

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on lease until May 2025. Current passing rent is £25,670 +vat per annum, exclusive of business rates.

We understand that a new lease will be available simultaneous with the business purchase, with the current lease surrendered at the same time.

Subject to the status of the ingoing tenant it should be noted that the landlord requires a one month rent deposit to be held for the duration of the tenant’s occupancy and rent to be paid one month in advance. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Located within the Gloucester Docks complex.

Premises Details:

Dining area for 30 covers. Kitchen. Toilets. Shared bin store. Outside seating area for up to 40 covers.

Size in square feet:
886

Business Operation

Reasons for selling:

Owners retirement.

Years established:
11