| (REF: R2027) Spacious Superbly Fitted Detached Licensed Buffet Restaurant |
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| Seller Reference: |
R2027 |
| B4S Reference: |
20775 |
| Asking Price: |
£60,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£353,600 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Lincolnshire, the East Midlands, United Kingdom |
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Nationwide are pleased to offer to the market : Large Public Car Park nearby (Pay & Display)
IMPRESSIVE & SPACOUS RESTAURANT newly fitted approx. 2 years ago, newly carpeted, wall and ceiling lighting. Air conditioning. Tables and chairs providing seating for 90 persons. Bar with 2 hand pumps, 3 double door counter fridges etc.
Ladies cloakroom with 4 w.cs, 2 wash hand basins
Gentlemens cloakroom with 2 w.cs, 2 urinals, 2 wash hand basin
Disabled cloakroom with w.c. and wash hand basin
Spacious level kitchen approx. 32ft x30ft all newly fitted approx. 2 years agao, stainless steel cladding to walls, stainless steel extractor unit, 7-burner Chinese cooker, 6-burner gas cooker with oven, heavy duty gas double hob unit, 1 walk-in coldroom, 1 walk-in deep freeze, stainless steel fast chiller unit, 3 double sinks and drainers etc.
Ground floor beer cellar
WE ARE INFORMED the turnover averages £6,800/£7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £26,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £12,500 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
REALISTICALLY PRICED FOR EARLY SALE
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Yard at rear with 20ft container for storage. In addition having parking space for 2 cars |
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Location: |
Town centre, LINCOLNSHIRE |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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6 days per week 12 noon - 2.30 p.m. & 5 p.m. - 10 p.m.
CLOSED ALL DAY MONDAY |
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The business is at present staff operated. Staff employed 7 full time plus 1 part time. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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