Restaurant For Sale

Business description

The Restaurant is situated close to a Public Car Park (Pay & Display)

DOUBLE FRONTED RESTAURANT with wooden floor. Tables and chairs providing seating for 40 persons (can be increased). Wall and ceiling lighting. Bar area with bar, 2 group coffee machine, glass washer, sink, 2 single door glass fronted counter fridges.

Service area with 1 upright glass fronted display fridge, deep freeze.

Ladies'/disabled cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

Level kitchen. The equipment includes 6-burner gas cooker with oven, 4-burner gas cooker with oven, double deep fryer, 1 deep freeze, upright double door stainless steel fridge, 2 large stainless steel tables, 2 small stainless steel tables, double sink and drainer, dishwasher etc.

Cellar providing storage area with fridge and deep freeze

Property information

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 40 years from December, 1989 at a rental of £19,500 p.a. exclusive of rates up to December, 2009, increasing at that time to £19,750 p.a. exclusive of rates up to December, 2010, increasing at that time to £20,000 p.a. exclusive of rates up to December, 2011, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Large Lounge Kitchen

Location:

Situated in a parade opposite theatre, town centre, WEST GLAMORGAN, SOUTH WALES.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £79,500 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

CLOSED ALL DAY SUNDAYMonday - evenings only - 5.30 p.m - 10 p.m. (last orders)Tuesday - Saturday inclusive - 12 noon - 2 p.m. & 5.30 p.m. - 10.30 p.m. (last orders).

Financing available:

Substantial Loan To An Approved Applicant.

Contact the seller