British and European Restaurant For Sale

Business description

This restaurant was established by the present owner in 2004.

The premises are in one of several impressive buildings, a short walking distance from the town’s centre, shopping outlet and leisure facilities. The town has a population of approx 39,400. A high volume of through traffic brings visitors and many jobs to the area. The restaurant is situated on one of the major roads through the town.

Inside, the restaurant is presented to a high standard and seats approximately 50 covers.
26 are on the ground floor in a lovely bright room with a high ceiling and large windows, including a bay window.
A spiral stairway leads to the lower restaurant area, which seats 24 in a more intimate atmosphere.

At present, the menu is mostly British cuisine with main dishes ranging from £7.95 to £14.95.

Parking is easy for customers. There is both on street parking and a public car park very close to the restaurant.

Property information

Property:

Leasehold

Lease terms:

7 yrs remain on the 10 year lease. The current rent is £17,500 and a rent review is due at the 5th year.

The landlords are willing to give a legal undertaking to increase the lease by 15 years if required.

The lease is on an internal repairing basis only.

Other information

Expansion potential:

A £50m redevelopment project, almost opposite the restaurant, has received planning approval and is scheduled to bring a major new food store, a new 100 bed hotel, housing and parking.

Trading hours:

Tuesday – Saturday: 12-2 and 6:30-10:30. Sundays: 12-2

Contact the seller