Leasehold Restaurant, Cumbria | | Undisclosed Cumbria | | Restaurant Northern Lake District, Cumbria Prominent location in centre of picturesque market town T/O: £400,000 evenings only GP: 83% Substantial 3-storey property completely refurbished 120 covers free of tie 4 double bed staff accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 21562
ADVERT IMPRESSIONS : 71,319 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £550000 + SAV | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Bag a Business is delighted to offer for sale this thriving and highly regarded restaurant business, in such a prime trading location within the Northern Lake District. The restaurant is well established in the town and currently trades in the evenings, generating an annual turnover of £400,000 and achieving an 83% gross profit, completely free of tie. This is a particularly attractive purchase as the premises have undergone a substantial refurbishment programme and benefit from an exceptionally high standard of contemporary fixtures and fittings throughout. The ground floor is configured for 80 dining covers, whilst there is an additional first floor function/private dining area with 40 covers. There is also spacious four double-bedroom, self-contained staff accommodation on the second floor. The business offers infinite scope to develop turnover further, as it has been run under management and there is demand within the town for all day trading if desired. This is a unique opportunity to purchase such a highly regarded and sought after local business, in such a prime trading location. Early discussions with Bag a Business must come highly recommended.
This restaurant/bar business is in a prominent and highly desirable trading location in the centre of a historic market town within the Northern Lake District in Cumbria. The business occupies substantial three-storey premises and is close to the main town-centre car parks. It is surrounded by numerous other complementary shops and businesses, which attract a high daily footfall. The area is a haven for visitors and tourists all year round with a number of award winning attractions in the vicinity. The town is the main leisure destination for all the surrounding villages, generating much regular repeat custom. The area is easily accessible from the M6 and enjoys a picturesque setting, surrounded by outstanding countryside and stunning views.
FINANCIAL DETAILS
W/T: £7,850 approx.
GP: 83% approx.
OPENING HOURS
7 days - evenings only
ACCOMMODATION DETAILS
Substantial three-storey period property in a prominent town centre location.
GROUND FLOOR
Main entrance.
Open plan dining area - tables and chairs for 80 covers. Contemporary decor and fixtures and fittings throughout and feature stone flooring.
Fitted bar with 8 taps and various bar stools.
Rear chiller units, sink and coffee machine.
Disabled WC.
Preparation/Wash room with dumb waiter to first floor, chiller units, stainless steel worktops, shelving and racking, ice machine, commercial sink and commercial grade flooring.
Rear exit door/delivery access to yard.
Store cupboard
BASEMENT
Beer cellar
FIRST FLOOR
Open plan dining area with tables for 40 covers
Ladies and gents WCs
Store room
Commercial kitchen with 6-burner range and oven, 5-burner Chinese wok cooker, hot plate, griddle, double fryer, stainless steel air extraction system, salad chiller unit with granite worktops, various refrigerators and freezers, stainless steel worktops, commercial grade flooring throughout and dumb waiter to ground floor.
Wash-up area with shelving and racking, and commercial dishwasher.
SECOND FLOOR
self contained staff accommodation:
4 x double bedrooms
Bathroom
EXTERNAL
Enclosed rear yard.
Bin store
Private owner's car parking spaces
TENURE
Leasehold
Original lease length: 15 years
New lease to be assigned.
Review every 3 years
Rent: £60,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 10673 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
