Large 140 Cover Licensed Restaurant Reduced In Gwent For Sale

Business description

An extremely spacious licensed restaurant serving breakfasts, lunches and dinners from an extensive menu and including the choice of a carvery. Main meals are offered from a choice of grills, pasta, children’s meals etc together with a wide range of hot and cold beverages and alcoholic drinks.
The premises were originally fitted out by China, China and benefits from high quality fixtures and fitting and catering equipment.

Property information

Property:

Leasehold

Lease terms:

Leasehold 24 years remaining
Rent: £40,000 pa(Less the income from the sub let)
Rates: TBA under review
Service charge £7,992

Location:

The business is well located on the first floor of a prominent building in the heart of this large town centre close to the main shopping area within a large catchment area

Premises details:

The business is on the first floor and is accessed via a door leading to a lobby and then stairs up to the restaurant which is furnished in cotemporary style with laminate flooring.
The large dining area has 140 covers and is equipped with an almost full length hot and cold server and ventilation system. The restaurant is air conditioned and has windows to two sides .Off from the dining area is a corridor leading to an office, 2No staff toilets, customer toilets and disabled toilet.
The total area on this business has a footprint of approx.4,200 sq ft
The trade kitchen, behind the server has a wash area, salad and vegetable preparation area, and a dry stores area.
The kitchen is very well equipped with all the necessary trade catering equipment.

40% of the first floor of this building is sub let to another business on a 5 year lease and provides an income of £30,000 pa

Business Operation

Trading hours:

Monday to Saturday 9.00am to 9.00pm
Sunday 12.00noon to 9.00pm

Employees:

8 full time and 7 part time staff