Leasehold Cafe Restaurant For Sale

Business description

Bag a Business Ltd is delighted to place onto the market this very well presented cafe and restaurant. The business was established by our client in 2006, and is only now being offered to the market due to his wish to pursue other business interests. Our client has spent thousands of pounds in renovating and modernising the premises to the exceptionally high standard they enjoy today. Our client has created a truly Mediterranean experience in the heart of Gloucester. During the day the premises trade as a cafe, offering a hot and cold lunch time menu as well as drinks and tapas. The premises are fully licensed. The business is run by our client with the help of 7 employees, who we understand will be happy to stay on with the new owner. In the evening the premises becomes a tapas wine bar/ restaurant, specialising in Portuguese and Mediterranean food. The food is simple and tasty with good combinations cooked from fresh produce. The concern has benefited from radio advertising, as well as local magazines and newspapers. Our client feels that there is plenty of potential which has not yet been exploited. This is an ideal venue for live music and the re-development in the area will potentially create more custom. This business is very unique within the town and is set to thrive. Early viewing is strongly recommended to fully appreciate the potential it has to offer.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining length: 14 years
Review every: 5 years
Rent: £8,500 per annum

Living accommodation:

PROPERTY DETAILS Large, double fronted, three storey premises, briefly comprising: GROUND FLOOR Waiting and seating area L- shaped bar Draught beer machines Large free standing wine rack 2 drinks chillers Menu boards 50 cover restaurant Rear store room Cloakroom area Disabled W/Cs FIRST FLOOR Fully equipped kitchen 2 x 6 burner gas hobs 2 x stainless steel fridges Large grill Fryer Large stainless steel refrigerated storage unit Food lift Stainless steel Bain-Marie Stainless steel table Dishwasher Double sink SECOND FLOOR Lades and gents W/Cs Offices

Location:

This business lies just 5 minutes' away from the heart of the town centre of Gloucester. It is situated within a large parade of shops of varying commercial activity. There is parking immediately outside the premises as well as a car park only a few yards away. There is a huge redevelopment programme being undertaken in the area at a cost of 1.5 billion pounds. Gloucester itself has become an increasingly popular place in which to live and work, being in the heart of the Cotswolds and close to Cheltenham and the M5 motorway.

Other information

Trading hours:

Mon - Sat: 10.00am - 10.00pm