Spacious Licensed Restaurant For Sale

Business description

At present Italian cuisine, which could obviously be continued and in our opinion there is potential for other types of cuisine, if desired.

Full Gas Fired Central Heating

ATTRACTIVE RESTAURANT. Front bar area with seating for 8 persons. Bar with electric cash register.

Adjoining Restaurant area with tables and chairs providing seating for 20 persons.

Rear Restaurant area, fully carpeted. Tables and chairs providing seating for 30 persons. Reception area, mirror-backed shelving.

Fully tiled ladies' cloakroom with 2 w.c's, wash hand basin
Fully tiled gentlemen's cloakroom with w.c. urinal, wash hand basin

Spacious commercial kitchen. The equipment includes 10-burner Chester cooker, double deep fryer, stainless steel extractor unit, 1-door counter fridge, 1 upright stainless steel Fosters deep freeze, double door white fridge, 2 single door white fridges, dishwasher, 2 double sinks with drainers, wash hand basin, stainless steel tables.

Rear storeroom with 2 chest deep freezes, 1 glass fronted wine fridge, stainless steel fridge, walk-in coldroom etc.

From the rear Restaurant there is a patio door to an attractive side paved patio area with space for tables and chairs for an additional 30 persons.

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of £50,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £9,340 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Living accommodation:

The accommodation situated on the first floor, comprises: Large Office plus staff changing room (both of which could be utilized as bedrooms) Large Lounge Hallway 1 Double Bedroom Fully tiled bathroom with bath, w.c. and wash hand basin In additi

Location:

Close to town centre, WARKWICKSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £950,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Tuesday - Thursday inclusive - 11.30 a.m. - 1.45 p.m. (last orders)
Evenings - 5 p.m. - 9.30 p.m. (last orders)
Friday & Saturday - 5 p.m. - 10.30 p.m. (last orders)
CLOSED ALL DAY SUNDAY & MONDAY

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.