Leasehold Restaurant For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this extremely versatile and profitable restaurant. Established by our client in 2003. Turnover has steadily increased to its present level of £4,500 per week with a gross profit of 55%. Our client is offering this to the market as he wishes to emigrate. Its custom is drawn from regulars and passers by, being in a prominent trading position. At present the restaurant is offering European cuisine during the day and Indian cuisine in the evenings. Our client, the chef at the restaurant, feels that there is huge potential to concentrate on European cuisine in the evenings and is steering in this direction. With an increasing customer base from the huge apartment complex planned and the option to cater for the new nightclub clientele, the future potential for this restaurant is immense. Our client was planning on extending the kitchen, into the rear yard to increase the available space for seating. A new coffee counter is also in the process of being extended. The upstairs area is currently unused but will become invaluable for seating in the very near future. The restaurant is the only fully licensed restaurant in the town and has a great reputation in the area. Bag a Business Ltd feel this is a great opportunity and expect a lot of interest in The Plaice 2 B. We urge early discussions to avoid disappointment.

Property information

Property:

Leasehold

Lease terms:

Leasehold.
Original: 13 years
Remaining: 10 years
Rent: £375 per week

Living accommodation:

PROPERTY DETAILS Centrally located 2 storey restaurant with large double fronted windows and new signage over, briefly comprising: GROUND FLOOR Main restaurant Seating currently for 58 with plans to increase to 128 Bar area with 4 points of dispense and optics to rear wall Coffee bar area Bottle fridge Soup counter Toilet facilities Stairs to unused second floor Kitchen 2 brand new pizza ovens 8 burner gas cooker Tandoori oven 4 bay stainless steel counter fridge 2 commercial microwave ovens 2 electric deep fat fryers Extraction hood Stainless steel sinks Upright fridge 3 bay stainless steel counter freezer EXTERNAL Large yard with room for expansion

Location:

The Plaice 2 B is located on the main shopping street in the heart of Lurgan in County Armagh. It is in a highly visible location with ample parking opposite and in the town's car parks nearby. There is a nightclub to the side of the restaurant and another one planning to open on the other side in the near future. There are plans for 750 apartments to be built to the rear, in this ever expanding town, ensuring that there will be no shortage of future custom. Lurgan is very central in Northern Ireland and is therefore an excellent base from which to commute. It lies about 25 minutes from Belfast via the M1 and 10 minutes from Portadown and Craigavon.

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