Exclusive French Restaurant L/h £180,000 Northamptonshire | | Undisclosed Northamptonshire | | NORTHAMPTON PREMIER FRENCH RESTAURANT -est 10 yrs City centre nr Royal Theatre, great reputation W/T: £4,500 GP: 70% 102 covers, 3am drinks licence, 4am dance licence –previously a nightclub, Superb private party venue, celebrity customers, tremendous potential to increase sales. 16 camera CCTV. 12 year lease LH: £180,000 + SAV, REF:9145NN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 27383
ADVERT IMPRESSIONS : 35,958 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £180000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The restaurant has a good location in the very heart of Northampton town centre, which is well situated for the nearby Royal theatre.
The restaurant has been described as a hidden gem nestling behind the bustling traffic of Northampton’s Gold Street. You follow a twisted alleyway illuminated with fairy lights down to the main restaurant; you are immediately transported away from the town centre to an oasis of calm.
The town is accessed from the M1 motorway at junction 15 with the towns of Wellingborough, Towcester, Daventry and Bletchley all nearby.
Parking is at a large multi storey, which is approximately 100 yards away.
THE BUSINESS:
Advent Business Sales are delighted to have been instructed to offer to the market this extremely well established premier French restaurant, which is renowned for its great food and superb wines.
Founded by the current owner over 10 years ago, the restaurant is only now being reluctantly offered for sale as he wishes to retire.
This is far more than just a restaurant; it is also the perfect venue for private parties, wedding receptions and hen and stag parties.
The restaurant has an outstanding reputation locally, nationally and internationally with the likes of Robbie Williams, Kylie Minogue, Tom Cruise and the Spice Girls all having eaten there.
The restaurant has 72 covers in the main area with an additional 30 in a marquee, which also doubles as a smoking area. The premises have a drinks licence to 3am and a dancing licence to 4am, so could quite easily be converted into a night club venue.
It should be noted that Northampton Council have stated that no more licences will be granted in the town centre. Before the venue became as a restaurant it was a night club known as Camillas.
REF: 9145NN
STAFF DETAILS
The business employs 4 full time staff including the vendor and 3 part timers who work flexible hours to suit the needs of the restaurant..
TRADING HOURS:
Mon-Sat: 6pm – late from March 2009
EXPANSION POTENTIAL:
It is rare to find a business with so much potential for the future as this restaurant:
1. It could be converted back into a nightclub – no further planning permissions would be needed
2. Open at lunch times and on Sunday’s
3. Create another floor above the alleyway, permissions have in the past been granted. This would increase the numbers on site licence from 300 to 400
4. Offer to do funerals as well as other functions
5. Convert the large attic space above the flat into extra residential accommodation
6. Convert the existing private accommodation into offices to rent out – planning permission already exists
7. Relocate the w/c’s to the current empty space to the rear of the marquee, to create additional dance floor area
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Weekly sales: £4,500
Gross Profit: 70%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES:
Entry from Gold Street with the restaurant, bars and marquee situated to the rear of the main road fronting premises.
Entry into the main bar area and w/c rear purpose built marquee with bar, bate night music and dancing. Smoking is allowed in the marquee and it is also heated.
The restaurant is on the first floor, which has low original beams, oak wooden floors and a high vaulted ceiling, which creates a great ambience.
At the rear of the restaurant is a large bar with equipped commercial kitchen off. The follows a large storeroom/prep area.
The building is fully alarmed and has the added benefit of a 10 camera CCTV system with full recording, it will take up to 16 cameras.
As an additional option, a new purchaser would be able to rent the second floor apartment, which has two double bedrooms, lounge, shower room and w/c.
The whole building is Grade Two listed.
TENURE: Leasehold
Original lease: 12 years
Remaining lease: 12 years
Review every: 3 years
Rent: £25,000 P.A.
We are advised that the annual business rates are currently: £6900 | | | | | | FOR SALE | | | | | REFERENCE: | 9145NN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
