Restaurant and Bar
Stevenage, Hertfordshire, United Kingdom
Seller Reference: STEVENAGE
Asking Price: £100,000
Net Profit: Undisclosed
Sales Revenue: Undisclosed
Number of Staff: 4
Established For: 7  Years  6  Months
Ownership: Leasehold
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  Business Summary   
  Very conveniently located next door to the Holiday Inn Express and just opposite Holiday Inn Stevenage we have a very good business clientele from the hotel Monday’s through to Fridays with clients dining in the restaurant and also ordering take always that are delivered direct to the hotel.
The business has a loyal customer base both from the local people within Stevenage and also from the surrounding areas. This is the only restaurant within the town centre of Stevenage and therefore benefits from a good trade, we believe that this trend would follow with any type of restaurant that were to open up in this location.
The premises benefit from a large fully fitted kitchen and preparation area, fridges and freezers within main kitchen area and outside walk in fridge. The premises are fully air conditioned. The lease also includes a self contained one bedroom flat.
The size of the restaurant also enables us to offer it as a venue for hire and we have catered for many events from large birthday parties to christenings and weddings.
The property is lease hold with 17 years unexpired FRI lease. The lease hold rent is £38000 and the size is approximately 3000 in square feet. The current trading hours are 5pm – 1am.
This opportunity has become available due to the current owner relocating and an offer is sought for the goodwill, stock, fixtures, fittings and equipment.
  Property Information   
  Property: Leasehold
  Lease Terms: 17 years unexpired FRI lease.
  Current Rent: 38000
  Living Accommodation: Yes
  Details of Accommodation: self contained one bedroom flat
  Location: This is the only restaurant within the town centre of Stevenage.
  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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