Cafe Bar And Steakhouse - Lake District For Sale in Cumbria- Business 4 Sale .co.uk

Business Summary

LOCATION
Adams and Co. are delighted to offer for sale this exceptional Café / Bar and Restaurant opportunity located in the Lake District. This pretty market town attracts thousands of visitors throughout the year and offers a wide range of attractions, from shops and restaurants to museums with a difference, and boating trips around Lake Derwentwater. This is the perfect area to choose equally for gentle relaxation or for an action packed family adventure holiday with lots of activities and attractions. There are many independent and individual shops offering antiques, books, paintings and pottery, jewellery, speciality foods and local produce as well as clothes, gifts, and traditional toys.

THE PROPERTY
An attractive double fronted property situated in the centre of the main street, comprising ground floor premises having dining area, bar area, games room, office, and lower ground floor having customers WC's, beer cellar and store. First floor having spacious restaurant, fully fitted commercial kitchen and staff changing room. The extremely well presented premises have been tastefully upgraded and modernised throughout to provide contemporary surroundings.

BUSINESS PREMISES
Double fronted premises with spacious forecourt patio area with arranged seating. There are two bay windows with central entrance door to the ground floor café / bar area having contemporary interior which has been fitted to a very high standard throughout including wood flooring, feature lighting and beamed ceilings, complimented by modern furniture and a large flat screen Sky TV. There are c20 covers in the café area which leads through to the bar having bar type tables and stools for another 20 customers. The well fitted bar area has drinks chillers and several pumps with a good range of beers on offer, Stafco coffee machine, and a mirrored bar-back. Steps lead up to a raised games room having full size pool table, darts board, flat screen Sky TV, games machine, and arranged seating with wicker chairs and leather sofa.

From the games area a small landing leads to an office having s/s sink unit, dumb waiter (not in use), and ice machine. Door to small storage cupboard. Staircase at the rear of the premises leading down to hallway with Ladies and Gents WC, storage cupboard, Wine cellar, Beer cellar, and external door to rear service road with access to external boiler room / store.

FIRST FLOOR - RESTAURANT
The main restaurant area is accessed via staircase from the café / bar and has a totally different vibe. The restaurant ambience is a more relaxed affair with the spacious dining area having carpeted flooring, drapes around the staircase, spotlights, multi-aspect windows, serving area, wine rack, and c50 covers, although the dining area could comfortably accommodate more if required. Steps at the rear of the dining area lead to a small hallway with external door. Cloakroom, staff WC and shower. Door to:

FIRST FLOOR - KITCHEN
Fully fitted commercial kitchen having altro flooring and an excellent range of equipment including Oven, Bain Marie, s/s dishwasher, s/s Polaris refrigerated cupboard, Twin s/s sink. Supergrill, Blue Seal grill and Twin fryers (under s/s extraction system) and a range of fridges and freezers. Dumb waiter (not in use).

BUSINESS
This superbly appointed business has been in our client's careful ownership since 2007 and is brought to the market due to our client's wish to pursue other business interests. The premises have central heating and security alarm. The business has built up an excellent reputation in the area and enjoys much repeat custom with the bar having pool and darts teams competing in the local league, and the bar hours could be extended further to accommodate demand. The restaurant serves local fare, and the owners specialise in serving steak fresh from the grill. This is a rare opportunity to acquire an exceptionally well appointed and equipped business in an idyllic location. With a solid reputation already established there is opportunity for a hands own operator to maximise the potential, or scope for the business to be run under management.

TRADE
Net Sales for year ending 31st March 2011 of c£439,117, with a gross profit of £283,789, leading to excellent SIX FIGURE NET PROFITS. Accounts will be made available to seriously interested parties following a formal viewing.

HOURS
Bar open everyday with lunches served in the afternoons:
Wednesday to Saturday 12pm to 12am.
Sunday to Tuesday 12pm to 11pm

Restaurant opens at 5.30pm daily and is closed Monday's and Tuesday's in January.

The business has a license to open the following hours:
10am to 12pm Monday to Thursday
10am to 1am Friday to Sunday, with live music extended to include daytime and up to 12 midnight

STAFF
The two vendors work in the business and employ a full time assistant manager, two full time bar staff, and several part time members of staff plus casual when required.

TENURE
Leasehold with the balance of a 33yr lease from 2004. Rent fixed for the next 7yrs at £31,000pa.

SERVICES
We understand from the vendor that all main services are connected to the property.

COMMENTS
An exceptional and rare opportunity in an outstanding location. Early viewing highly recommended to fully appreciate.

LEGAL FEES
Vendors and Buyers each to meet their own legal costs.

LOCAL AUTHORITY
Allerdale Borough Council.

APPOINTMENT TO VIEW

UNDER NO CIRCUMSTANCES SHOULD YOU APPROACH THE BUSINESS DIRECTLY

We will be pleased to make arrangements for you to view the property and business. All viewings must be by appointment, which we will arrange, following a brief discussion as to the potential buyers' financial position and their ability to proceed.

You are advised to check the availability of this business before travelling any distance to view.

ALL NEGOTIATIONS MUST BE THROUGH THIS OFFICE

FINANCE
Finance for this business is available through Adams and Co (Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.

THE PROPERTY MISDESCRIPTIONS ACT 1991
The information contained herein relating to property matters was checked by Adams and Co, and was accurate at the time these particulars were originally produced. The particulars have been approved by the vendor, who has undertaken to advise us of any material changes which may occur. Such amendments have been incorporated as and where appropriate. However, since it is possible that further changes have occurred, of which we are unaware, we would recommend that prospective buyers take appropriate precautions to check anything, which is critical to their interest in this property.

Every effort has been made to ensure that the information, which does not relate to the property, (and is therefore not covered by the Property Misdescriptions Act 1991) is accurate. The vendor, who has approved the information detailed, has provided the data. However, as all businesses are constantly changing, the information contained in the sales particulars may not be as up to date as we might wish. Prospective purchasers are therefore advised to check the current trading situation at the time of inspection or, if necessary we can arrange for potential buyers to speak to the vendors by telephone, prior to making a commitment to view the business.

Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase.

References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co has not had sight of the title documents. Buyers are advised to obtain verification from their solicitor.

All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.

Property Information

	Property:	Leasehold

	Living Accommodation:	No

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

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