Beautifully Presented Restaurant In Morecambe For Sale

Business description

Beautifully Presented Resteraunt With Sea Views
W/T £3050
Profitable - Opens 4 Nights Per Week
Huge Scope For Longer Hours
Premises Would Suit All Cuisines
New Lease Negotiable

This restaurant was beautifully presented at the time of our visit and benefits from a key promenade location with superb views across Morecambe Bay to the Lake District hills and mountains. The restaurant is situated in a good residential area of Morecambe and has the advantage of extensive free roadside parking and an enviable reputation. This long established restaurant would be suitable for a variety of cuisines but is widely known for its mainly traditional European type food majoring on quality fresh ingredients and its friendly welcoming service. The business has earned a five star health and hygiene rating.

The profitable restaurant enjoys annual sales of £159,000 with a gross profit of 53%. The business earns this income by only opening for four evenings per week throughout the year and the vendors admit that there is massive potential to trade for longer hours including lunch times and to cater more for special functions. The owners however have chosen to limit the opening times to the times detailed below. The vendors advise that this is an all year round business majoring on local trade and is not dependent on seasonal variations.

Blacks reference 2537 has an attractive garden area with a palm tree to the front of the premises where customers can sit and dine al fresco . The dining room has forty two covers and also features a magnificent carved bar which the vendors advise originally came from the furnishings of a large private house within the area. The owners accommodation was also well presented at the time of our visit and includes a spacious one bedroom flat with playroom and office at basement level plus a cellar. The owner enjoys the use of a garage opposite the restaurant.

Blacks consider that this is an opportunity to acquire a very well established restaurant with massive potential plus a fine local reputation and which the vendors have owned since 1991. They are now seeking to retire. However they will be pleased to consider a handover period to assist a new owner. They are offering the restaurant and accommodation on a new lease to be negotiated with the buyer.

Property information

Property:

Leasehold