Leasehold Mexican Restaurant For Sale In Devon | | Barnstaple Devon | | Mexican Restaurant Devon T/O: £186,000 GP: 65% Well established and highly regarded business. Prime trading position. High levels of repeat trade. Well appointed premises. 92 covers in total. Ref: 10085 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 11603
ADVERT IMPRESSIONS : 16,187 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £120000 | ANNUAL RENT: | £15000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Jalapeno Peppers occupies an ideal and highly visible position on Maiden Street in Barnstaple. Maiden Street is a pedestrianised area just off the main high street, linking to the Strand, which is the main waterside area of Barnstaple fronting the River Taw, and therefore enjoys a high degree of footfall. This whole area is due to be pedestrianised with pavement dining to create a true continental feel. Barnstaple is situated in North Devon and is a bustling town, which is popular with tourists due to its location on the River Taw and its close proximity to Exmoor and North Devon's beautiful sandy beaches. Barnstaple enjoys excellent transport links with the North Devon link road adjoining the M5 motorway and having the benefit of a new relief road completed in 2007.
Business History
Bag A Business is delighted to offer for sale Jalapeno Peppers. The business trades as a traditional and authentic Mexican/Cajun restaurant and has an excellent reputation with a vast and loyal client base. Our clients only choose to open in the evenings offering new owners vast potential to increase trade, particularly as the business has a full on licence and we believe there is great demand for lunchtime trade. This area of Barnstaple is due for a £300 million regeneration by 2012, with the creation of new houses, flats and retail areas. Jalapeno Peppers enjoys an annual turnover of £186,000 with a gross profit of 64%, which could be vastly increased with extended opening hours and through further proactive marketing. The property is decorated and maintained to the highest of standards with a lot of the equipment having been purchased in 2007. The business further benefits from a spacious one-bedroom flat on the 3rd floor. This is a wonderful opportunity to acquire an established and well renowned business, and as such we would urge early discussions with Bag A Business.
PROPERTY DETAILS
A 3 storey, converted warehouse retaining many original features and character including exposed stonework and beams.
GROUND FLOOR
Bar area with wooden topped bar, 2 bottle display fridges, ice machine, glasswasher, 4 points of dispense and 28 cover restaurant area
Ladies WCs
Gents WCs
Spiral staircase to first floor
FIRST FLOOR
Restaurant area with 56 covers
Intimate dining area with 8 covers
Fully fitted commercial kitchen including: Garland 6 burner hob and double oven with built in double griddle, charcoal grill, 4 pot Bain-Marie, various fridges and freezers, various stainless steel worksurfaces, commercial refrigerator, double deep fat fryer, commercial microwave oven, bottle display fridge, and a range of storage cupboards
SECOND FLOOR
Self contained 1 bedroom flat comprising
Lounge, currently used as office.
Double bedroom
Bathroom with shower cubicle, W/C and sink
Airing cupboard
OPENING HOURS
Sun - Thu: 7.00pm - 10.30pm
Fri & Sat: 6.00pm - 12.30am
FINANCIAL DETAILS
W/T: £3,575 approx
GP: 65%
TENURE
Leasehold
Original length: 15 years
Remaining length: 11« years
Review every: 3 years
Rent: £15,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 10085 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
