Established Licensed Restaurant For Sale | | Cleethorpes Lincolnshire | | Highly successful 40 cover internal and 12 cover external licensed restaurant set within this seafront location with further scope for future development in areas such as outside catering Lease to let or rent Established Licensed Restaurant For Sale is located in Lincolnshire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 22148
ADVERT IMPRESSIONS : 16,659 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Private Sale | LEASEHOLD: | £1916 | ANNUAL RENT: | £22992 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Offered for sale with the remainder of the lease which still has 17 years to run we are delighted to offer to the market this established business. Without a doubt in this agents opinion “Café Valerie” is one of the resorts most highly regarded and established licensed restaurants and lays upon the Kingsway in Cleethorpes, enjoying open views over the Humber Estuary to the front. The present vendors took over the business in 2005 and have since built on its highly regarded reputation even further. Unfortunately due to other work commitments, they feel that it time to offer the business for sale. With seating to accommodate 40 covers internally and the ability for 12 covers to the outside, the business has also recently added to its income source by offering outside catering. All fixtures and fittings to enable the business to continue to trade are included within the sale.
OVERVIEW
Restaurant has become one of the areas most highly regarded licensed restaurants since opening in 2000. Since opening its reputation for good food and its welcoming ambience has gone from strength to strength. Bought by Shirley & Ken Johnson in 2005 two days after it was advertised on the market, they have spent a great deal of time and effort in building upon the established business. The vendor informs us that the business turnover for the past two years has been between £365,000 to £380,000 gross, per annum.
THE PREMISES
Situated upon Kingsway and enjoying views over the Humber Estuary, this attractively presented and fully equipped Leasehold premises occupies a corner plot in this highly regarded location. The premises comprises of main seating area with serving counter, secondary seating area, customer toilets, kitchen, utility and external store with further preparation area, wine store, staff toilet and chemical store. To the first floor of the external store there is a office area.
SEATING AREA (One)
The first section of the seating areas is attractively presented and offers views to both the side and front elevations. Pleasantly presented in a neutral styled décor and with recessed downlighting to the ceiling. Attractive wood flooring. Two gas central heating radiators. Fully equipped counter area with wine fridges and storage facility. There is also a walk in storage cupboard area located behind the counter.
SEATING AREA (Two)
Stepping down from the first seating area the second seating area is presented in the same style as the front section of the restaurant. With two central heating radiators and windows to the side elevation there are doors off to the customer toilets, kitchen area and fire door to the rear. The internal seating area provides 40 covers and externally 12 covers are allowed.
CUTOMER TOILETS
Male and female/disabled toilets.
KITCHEN
Fully equipped kitchen with many of the appliances recently replaced. All of the kitchen equipment is included within the asking price.
UTILITY LOBBY
Providing further storage and door to the rear leading outside. EXTERNAL STORE
A external store to the rear provides ample storage space and has large stainless steel preparation counter/table. Lockable wine store. Walk in storage cupboard for the housing of the chemical cleaners and staff toilets. To the first floor of the external store there is a office area.
ADDITIONAL INFORMATION
The present owners have also started outside catering which is progressing well. This is something that any new owner could build upon and develop further.
TRADING ACCOUNTS
For all serious purchasers the last two years accounts will be made available for perusal.
LEASE TERMS
Rent - £1916, per calendar month including external store. There are 17 years remaining on the lease which is written on full repair and insuring basis. Any ingoing Tenant to be responsible for reimbursing the Landlord's costs in the preparation of the Lease. All interested parties are advised to make their own enquiries to confirm the details supplied.
LICENSES
Fully licensed
CURRENT OPENING HOURS
Monday : Closed (present owners decision)
Tues to Saturday :10am to 10pm
Sunday :10am to 5pm
TENURE
We are advised by North East Lincolnshire Council that the Rateable Value for the property is £4.350 under the year 2005 assessment. All interested parties are advised to make their own enquiries to confirm the details supplied. | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 22148 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
