• Listing ID: 1285072
  • (Seller ref: 6067C)

Fully Licensed Restaurant In South Coast City For Sale


Location:
Category:
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Type:

Asking price:
£150,000 (Furniture / Fixtures included)
Sales revenue:
£5,000 weekly
Cash flow:
0 - £100k
Employees:
Run by husband & wife team with 3 part time chefs, 1 kitchen porter, 1 full time manager plus nucleus of 5 part time staff as and when required.

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Highly sought after fully licensed restaurant with seating for 90 persons plus further Al fresco seating . Excellent location. Fitted and equipped to a high standard. Level Kitchen. T/O £5,000 pw peaking in high summer season to £10,000 pw. Scope to increase hours. Secure lease. £150,000 SAV

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Property:
Leasehold
Lease terms:
13 years full repairing & insuring lease at £38,000 per annum, exclusive for the next 2 1/2 years with the rent to be agreed at 5 yearly intervals thereafter
Leasehold rent:
£38,000 per annum
Location:
Excellent city centre location close to The Dome, Theatre Royal, The Lanes & North Laines
Premises details:
Restaurant seating 90 pesons with the opportunity to extend it al fresco seating to 20 covers. Separate Ladies & Gents Cloakrooms plus disabled WC. Level fully fitted Modern Kitchen.

Expansion potential:
Scope for longer hours
Planning consent:
A3
Support & training:
If required after exchange of contracts
Trading hours:
9am to 11.30.am - 7 day week. However our clients have only traded 10.30am to 10.30pm for the last 14 months.

For more information about this business for sale, click the Contact Seller button.


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