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Steakhouse Restaurant In Northampton For Sale

Northampton, Northamptonshire, UK
Asking Price:
£200K - £500K
Turnover:
£200K - £500K
Net Profit:
£100K - £250K

Steakhouse Restaurant for sale
in Northampton
Our restaurant is located in the heart of Northampton, on 162-166 Wellingborough Road. The restaurant is also well-known for serving up unique, hand-crafted cocktails, like its popular Berries and Bubbles which combine citrus vodka, fresh berries, and top-shelf champagne. You can stop in for a drink on a whim, but reservations are recommended for dinner.
The business is currently trading as a steakhouse but the menu is vast and includes various cuisines. On most weekends I work in an events hall. Their restaurant has the perfect environment for large party bookings and can accommodate any special occasion or event.

The current opening hours are Monday - Friday from 17.00 - 23.00 , Saturday and Sunday from 12.00 - 23.00 .

The restaurant is currently located in one of the most popular Northampton streets , close to all local amenities.

The business is already incorporated with all takeaway platforms .

The restaurant is sold with all fittings and fixtures , stock included in the sale price.

Key points : Repeat custom

Excellent reviews
Alcohol licensed
High foot fall location
Would suit a partnership or family run business
Scope to improve -

Increase marketing and advertising
Expand menu
Premises
Ground floor -

Seating area
150 covers
Bespoke decor and lighting
Tenure

The restaurant is sold as a leasehold for a remaining of 6 years lease . The landlord is open to start a new lease upon request . The current lease price is £66,000 per year including VAT.

The sale price of the business is negotiable and open to offers .

Property Information

Property:

Leasehold

Lease Terms:

5 years left but the landlord can extended or start a new lease

Leasehold Rent:

£66,000 per annum

Location:

Our restaurant is located in the heart of Northampton, on 162-166 Wellingborough Road .
A prime location on the high street surrounded by many pubs and cafe shops and restaurants.

Premises Details:

162 - 166 Wellingborough Road

Planning Consent:

A3, A4,A5

Energy Performance Rating:
D

Business Operation

Competition / Market:

No competition for our type of food.

Reasons for selling:

retirement

Employees:
10
Years established:
5

Other Information

Support & training:

We can offer any training or support required

Financing available:

cash buyers

Furniture / Fixtures value:
£1
Inventory / Stock value:
£1