Superb Franchise Restaurant In Long Eaton For Sale

Business description

Wimpy Franchise in Derbyshire.
Early interest and viewing is highly recommended
Option to stay with Wimpy or go inderpendant
Advised annual turnover of £105,000
Town centre location in Long Eaton
Ground floor restaurant to cover 58
Well fitted leasehold restaurant
External covered seating for 8
Well established concern
Genuine retirement sale
Run on limited hours
LEASEHOLD


Business History

Meridian Business Sales are privileged to offer to the market this well established Wimpy franchise restaurant. The business has been established for over 60 years and has been in the careful hands of our client for the past 7 years. This superb concern is only being offered to the market due to our client's well deserved retirement. During our clients ownership they have continually invested in new catering equipment which is all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. The 58 cover restaurant is situated on the ground floor and serves classic burgers and fast foods. Our client informs us that the annual turnover for the restaurant is in excess of £105,000 net of vat. The business is owner operated and has 1 full time and 5 part time members of staff. The business operates on a Wimpy franchise where you pay them 7% of net turnover per month and you have to buy your frozen meat products through them. There is further potential to increase turnover by opening on Sundays and by opening longer hours. Early viewing is highly recommended as this business cannot be missed.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 25 years
Remaining: 17 months
Rent: £14,500pa plus VAT

Location:

Long Eaton is a thriving market town in Derbyshire situated just 7 miles southwest of Nottingham, 8 miles from Derby and 6 miles from East Midlands airport. It's accessed via the A6005 and close to the A453, A52 and sits just 2 miles off the M1 motorway. Long Eaton has a history that goes back earlier than the 7th century and has many attractions one being Trent Lock which is a centre for sailing, boating and many other sporting activities.

Premises details:

Well presented open plan restaurant on a main road location within the town centre, briefly comprising:

GROUND FLOOR
Door leading into open plan restaurant with seating for 58, sales counter with cash register and espresso coffee machine, behind that is a kitchen area with wash basin, 2x fridges, 2x microwaves, double fat fryer, 3x freezers, drinks cooler, griddle and conveyor belt toaster.

Kitchen/wash room with fridge, freezer, dishwasher, wash basin, double sink and shelving for storage

FIRST FLOOR
Ladies toilet and wash basin
Gents toilet and wash basin
Dry stores with chest freezer
Store room with 2 x chest freezer and storage racking

EXTERNAL
Front covered area with seating for 8 and additional 8 weather permitting
Rear customer car park
Vendors parking for 2