Asking price: £98,000

Sales revenue: < £200k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
• Successful Business in excellent Location
• Fully Fitted Kitchen & Servery
• 42 Covers
• Long Leasehold Interest
• Turnover in excess of £180,000

Years established: Originally established about 15 years ago the Business was acquired by the present owners in 2006 and re-modelled with an emphasis on high quality menus, locally sourced seasonal products and specialist Diners Evenings.

Employees: proprietors with the aid of one full-time and two part-time staff

Trading hours: Opening Hours are 8.30am - 4.00pm Monday to Friday and 7.30am – 4.30pm on Saturday. The premises open as a restaurant from 7.00pm on Friday and Saturday with additional specialist evenings and bookings for private parties.

Property: Leasehold

Lease terms
The premises are held Leasehold for a term of 10 years from 24th June 2003 on effective full repairing and insuring terms subject to a five-year review pattern at a current rent of £14,000.00 per annum exclusive plus Service Charge (currently £4,000.00 pa approx

Location
Burton upon Trent is an expanding regional retail centre in Staffordshire situated on the A38 equidistant between Lichfield and Derby.

Burton upon Trent has excellent communications to the adjoining A38 providing a direct link to Junction 28 of M1 to the north and the M6 Toll Road to the south whilst being approximately 5 miles to the south of the A50, the M1/M6 Link Road between Junction 16 of M6 and Junction 21 of M1 Motorway.


The premises occupy a prominent and busy trading location adjoining the entrance to a major Town centre Shopping Centre within Burton on Trent adjoined by several well known high street chains occupying a main road frontage.

Expansion potential
Opportunity exists to increase the current opening hours during weekday evenings.

Reasons for selling
Vendors wish to embark upon a new business venture outside of the locality.