Fully Licensed Restaurant In South Coast City For Sale

Business description

Highly sought after fully licensed restaurant with seating for 90 persons plus further Al fresco seating . Excellent location. Fitted and equipped to a high standard. Level Kitchen. T/O £5,000 pw peaking in high summer season to £10,000 pw. Scope to increase hours. Secure lease. £150,000 SAV

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Property information

Property:

Leasehold

Lease terms:

13 years full repairing & insuring lease at £38,000 per annum, exclusive for the next 2 1/2 years with the rent to be agreed at 5 yearly intervals thereafter

Leasehold rent:

£38,000 per annum

Location:

Excellent city centre location close to The Dome, Theatre Royal, The Lanes & North Laines

Premises details:

Restaurant seating 90 pesons with the opportunity to extend it al fresco seating to 20 covers. Separate Ladies & Gents Cloakrooms plus disabled WC. Level fully fitted Modern Kitchen.

Planning consent:

A3

Business Operation

Expansion potential:

Scope for longer hours

Trading hours:

9am to 11.30.am - 7 day week. However our clients have only traded 10.30am to 10.30pm for the last 14 months.

Employees:

Run by husband & wife team with 3 part time chefs, 1 kitchen porter, 1 full time manager plus nucleus of 5 part time staff as and when required.

Other information

Support & training:

If required after exchange of contracts