Exceptional Freehold Restaurant For Sale

Business description

EXCEPTIONAL FREEHOLD RESTAURANT
Situated in the beautiful town of Tewkesbury, Gloucestershire
T/O £120,000 per annum with high profit returns
Suit those seeking a complete lifestyle change
Recently refurbished to a very high standard
Sizeable private living accommodation
Early viewing is highly recommended
Scope for further development


Business History
Meridian Business Sales are delighted to offer for sale this truly beautiful restaurant which has a proud history dating back to the 1980s.

Since 2004 the business and property have been owned by our client who is only now placing it onto the market due to his family commitments.

The business which is run and managed by our client with the assistant of staff achieves a very respectful annual turnover of £120,000 derived from offering a first class dining facility where customers can experience a truly high quality traditional English menu and a fine selection of beers, wines and spirits.

The restaurant enjoys excellent levels of repeat business with many customers visiting for several years. This thriving concern also sees many new customers from good word of mouth recommendations and from the highly visible trading location.
The property is exceptionally well presented throughout with a fairly recent refurbishment being done to an exceptionally high standard.

The property offers main dinning restaurant, fully fitted commercial kitchen, ample product and alcohol storage, first floor additional dining room/function room and split level 2 bedroom private living accommodation.

This is a truly beautiful restaurant set in one of the UK’s most desirable county towns. We feel that this opportunity offers a new owner a wonderful lifestyle change opportunity and we urge early interest in this beautiful restaurant.


Accommodation
Beautifully presented grade 2 listed building, 3 storey with cellar briefly comprising of front restaurant dining area, fully fitted commercial kitchen, first floor overspill restaurant/function room, split level 2 double bedroom private living accommodation with original wooden beams throughout. Building has 2 alleyway accesses 1 private, 1 shared access. Air conditioned lower restaurant area. Alarmed and fire alarmed throughout.

GROUND FLOOR
Window fronted ground floor with secure entrance
Main dining area with 36 well spaced covers, tables and chairs, beautiful feature fireplace, preparation/service area with drinks display fridges, coffee machine and mobile pull with glass storage. Toilet for male and female plus disabled. Stairs access to first floor

Kitchen
Fully fitted stainless steel kitchen briefly comprising of counter fridges, salad preparation bar, 2 x commercial microwaves, grill, griddle, 6 hob cooker, hot cupboard, 2 bin fryer, large extraction unit, glass and dish washer, potato peeler, double wash sink, large commercial kettle and hand wash basin.
Rear door access to back yard area

FIRST FLOOR
Landing accessing
Overflow restaurant/private hire room, 12 covers with well spaces tables and chairs. Windows facing High Street.

Access to second floor office and private living accommodation
Private living accommodation
Kitchenette with fitted cupboards, worktops and wash sink
Bathroom with toilet, bath and wash basin, living room with beautiful beams and 2 large windows

SECOND FLOOR
Office, large room with beautiful wooden beaming
Bedroom 1 large double
Bedroom 2 double

Additional Floor
Basement cellar (currently unused)

EXTERNAL
From back yard large storage outbuilding with 8 x fridges and freezers, 2 x commercial microwaves, washing machine and tumble dryer, storage racking, additional private storage outhouse.

Property information

Property:

Freehold

Location:

The restaurant has many neighbouring good quality retailers and commercial businesses which draws shoppers to the town throughout the year. The business also receives a high amount of passing trade as it is highly visible to commuters and travellers who use the busy through road daily.
Tewkesbury is a medieval gem famed for its timber framed buildings. An ancient settlement situated at the meeting of the rivers Avon and Severn, a delight for those seeking 'Olde England’.

Tewkesbury is renowned as having one of the best medieval townscapes in England with its fine half- timbered buildings, overhanging upper storeys and elaborately carved doorways. Growing pressure for land suitable for building led to developments of narrow alleys or courts, with houses built so close together on either side that the eaves nearly touched.

Today about 30 alleyways remain adding to the unique charm of the town. You can take an alleyway walk and conjure up feelings of times past. Tewkesbury holds many festivals throughout the year, the Medieval Fayre and Battle Re-enactment.

The Water Festival and Mop Fair bring the town alive with colour and entertainment. At Christmas the Festival of Lights brings the town alight with decorations which are stunningly displayed against the black and white architecture of the town.

Tewkesbury also benefits from being very easily accessed via the M5 motorway which is situated less than two miles away making visiting and commuting very easy.