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(REF: R3172)  Attractive & Spacious Licensed Restaurant & Wine Bar
 
Seller Reference: R3172
B4S Reference: 32541
Asking Price: £120,000
Net Profit: Undisclosed
Sales Revenue: £468,000
Number of Staff: 3
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: West Sussex, South East England, United Kingdom
  Business Summary   
  Nationwide are pleased to offer to the market : We understand the premises have a Full On Licence

SPACIOUS RESTAURANT with woodstrip floor plus rear section with quarry tiled floor. Wall & ceiling lighting. Tables and chairs providing seating for approximately 104 persons.

ADJOINING LARGE BAR AREA with quarry tiled floor. Tables and chairs for 30 persons plus ample standing area. LARGE BAR with 6 hand pumps, double door counter fridge, 2 single door counter fridges, 2 computerised tills, glasswasher.

Ladies cloakroom with 2 w.cs and wash hand basin
Gentlemens cloakroom with w.c. 2 urinals, wash hand basin

LARGE COMMERCIAL KITCHEN fully equipped including stainless steel extractor unit, 6-burner gas cooker, solid top oven, double deep fryer, charcoal grill, 1 double door stainless steel counter fridge, 1 3-door stainless steel counter fridge, 1 stainless steel single door counter fridge, 1 single door stainless steel deep freeze, double sink and drainer, dishwasher etc.

First floor storeroom with 5 fridges plus 1 chest deep freeze

WE ARE INFORMED the turnover averages in the region of £9,000 p.w. in our opinion offering further potential to increase in the right hands.

The premises are held on 2 separate leases. The restaurant area with accommodation over is held on a lease for a period of 9 years from September, 2009 at a current rental of £25,143 p.a. exclusive of rates up to September, 2012, with rent to be agreed thereafter.

The Bar area we understand is held on a separate lease also having 9 years unexpired from September, 2009 at a current rental of £15,700 p.a. exclusive of rates up to September, 2012, with rent to be agreed thereafter.

Uniform Business Rates: £11,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE TWO LEASES, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
  Property Information   
  Property: Leasehold
 
  Living Accommodation: Yes
 
  Details of Accommodation: Situated on the first floor -

Large Office
Private kitchen (would need fitting)
Room ideal for a bathroom

Second floor, which does require some redecoration comprises:

2 Double Bedrooms plus 1 single bedroom

Rear patio area with sunblind. Tables and chairs providing seating for 10/12 persons.
 
  Location: Situated in a parade, excellent main road trading position, WEST SUSSEX
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  Monday - Saturday inclusive - 12 noon - 2 p.m. & 4.45 p.m. - 10.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.
  Summary of Staffing   
  At present operated by 2 brothers, 1 of whom is a chef whilst the other is front of house. Kitchen area 1 sui chef employed ful time plus 3 part time kitchen staff. Restaurant area maximum of 4 part time waitresses/waiters at any one time. Bar area 3 part time staff.





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