Licensed Restaurant Bar Self Contained 1 Bedroom Accomodation For Sale

Business description

This extremely well fitted bar occupies an excellent position in this bustling trading position in close proximity to a number of multiple concerns including the Co-operative Store, Peacocks and the multiple shopping centre of George Street being but a few minutes walk away. Easy parking is available through municipal car parks, the large Tesco car park which is available to shoppers within the area. The business has been run entirely under management in its present form for the last year and enormous scope exists for owner/management. Ref: 6069C

A 50% Private Mortgage Available, Terms to be Agreed, Subject to Status

Property information

Property:

Leasehold

Lease terms:

The entire premises are held on a full repairing and insuring lease which has approximately 12 years unexpired at a current rental of £24,000 per annum, exclusive fixed for the next 3 years. The owner of this business is also the freeholder of the property and is prepared to grant a new longer lease if desired.

Leasehold rent:

££24,000 per annum

Living accommodation:

Above the business is a Self Contained 1 Bedroom, Lounge/Kitchen area, Bathroom/WC

Location:

Shopping centre of George Street being but a few minutes walk away. Easy parking is available through municipal car parks, the large Tesco car park which is available to shoppers within the area.

Premises details:

The Bar/Restaurant area has attractive upholstered seating with dining tables for approximately 40 persons including Two Small Lounge Areas. The concern has attractive Well Fitted Bar with Level Kitchen adjoining. Some of the valuable items of trade fixtures include: fully fitted Bar with 3 draft ales hand pumps, excellent back bar fittings, 2 group coffee machine, computerised till system linked to kitchen. The Level Kitchen is fully equipped to a high standard to include: fully fitted extraction system 6 burner gas cooker, fitted stainless steel sink unit, stainless steel clad walls, Salmander eye level grill, 2 microwaves, free standing deep fryer, large ice machine. Separate Ladies & Gents Cloakrooms. Disabled WC. To the rear of the premises there is a part covered Customer Smoking Area with seating for some 20 persons

Planning consent:

Licensed Restaurant Bar
The business has a Premises Licence permitting alcohol to be sold on the premises where bona fide food is available between the hours of 8am to 2am. Also Disco Music and Live Music Licence

Business Operation

Trading hours:

The business which is run entirely under management employs 3 full time and 1 part time staff , the staffing includes 1 chef. Wages amount to £1,000 per week. Hours of Opening: 11am to 2am - 7 Day Week. We are informed that the business averages £4,000 per week and the vendor is quite prepared to discuss with a prospective purchaser full details concerning this turnover, providing all the necessary documentation to support same. The vendor informs us that the break down of sales is 75% wet sales and 25% food sales. Scope to increase catering sales.

Employees:

3 full time and 1 part time staff includes 1 chef