Attractive Well Fitted Wine Bar | | Undisclosed Hertfordshire | | ATTRACTIVE & SPACIOUS SINGLE FRONTED WINE BAR, carpeted, wall and celing lighting. Tables and chairs plus bar stools for 55/60 persons. Bar with 10 hand pumps, 3 upright double door glass fronted counter fridges, glasswasher, ice machine, computerised cash register, wash hand basin. Level kitchen with commercial microwave oven, 4-burner gas cooker, 1 deep freeze, fridge, toaster, deep fryer, salamander grill, work surfaces etc. Fully tiled ladies' cloakroom with 2 w.c's, wash hand basin Disabled cloakroom with w.c. and wash hand basin Fully tiled gentlemen's cloakroom with w.c. 2 urinals, wash hand basin | | ADVERT NUMBER : 17234
ADVERT IMPRESSIONS : 32,960 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Wine Bars | | SALE: | Agent Sale | LEASEHOLD: | £170000 | | | | | BUSINESS DETAILS: | Location Situated in a parade, excellent main road trading position, sought after residential area, HERTFORDSHIREOpening Hours Monday - Thursday inclusive - 12 noon - 12 midnight
Friday & Saturday - 12 noon - 1 a.m.
Sunday opening - 12 noon - 10.30 p.m.Turnover WE ARE INFORMED the turnover averages 3,500 p.w. (wet sales only) in our opinion offering terrific potential for further increase, especially with the introduction of catering.Tenure We understand the premises are held on a secure renewable lease, the present lease having approx. 14 years unexpired at a rental of 12,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.
Alternatively the vendor is prepared to consider the sale of the Wine Bar, excluding the accommodation over. The vendor, subject to satisfactory references is prepared to grant a new 14 years Underlease in respect of the Wine Bar, excluding the living accommodation at a rental of 15,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter after the following 4 years.
Uniform Business Rates: 6,000 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTIONPrice TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 170,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR PRICE TO INCLUDE THE NEW UNDERLEASE, GOODWILL, FIXTURES & FITTINGS 97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation The spacious living accommodation at present let on shorthold tenancies and providing a rental income of 20,000 p.a. however, we understand that vacant possession can be given if required, comprises:
First Floor
4 Bedrooms (3 doubles, 1 single)
Shower room with shower, w.c. and wash hand basin
Second Floor
Studio Flat comprising spacious living room/bedroom with kitchen area
Shower room with shower, w.c. and wash hand basinOutside Attractive garden at rear with decking area. 7 benches providing seating for up to 40 persons.
Car parking space for 1 car.Staff The Wine Bar is at present operated by the vendor on a full time basis plus 1 full time and 2 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
