| | | 42-COVER RESTAURANT IN HERTFORDSHIRE | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 8,741 TIME(S)
BUSINESS REFERENCE : 1148 / RightBiz | | | | | | high street location A/T £85,000 GP 55% 2 bedroom owners' accommodation Huge scope for expansion | | | BUSINESS LOCATION: | Ware Hertfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £90000 + SAV | ANNUAL RENT: | £20000 | | | | | | | | | | | BUSINESS DETAILS: | Location
Le Rendez-vous is located in a Grade II listed building in the town centre of Ware in Hertfordshire. High Street has an old world charm and there are no major chains, thus allowing smaller businesses to take full advantage of the regular and passing clientele within the area. Ware is located close to Stevenage between the A1 and M11 motorways and offers easy access to London.
Business History
Preferred Commercial is delighted to offer for sale this desirable restaurant, which has been established over 100 years and has been in our client's careful hands for the past 8 years. The business is now being placed on the market due to their wish to retire. The restaurant has been run by a husband and wife team who have built up an excellent reputation and client base during their ownership, and are now ready to pass the baton to a new owner, who could greatly increase turnover. The business has been run at a pace to suit and the restaurant could benefit from opening longer hours, a morning coffee/cappuccino bar, and extending the restaurant area. The business also has a licence for 4 tables to the front that are not used at present. The restaurant further benefits from a large outside area with seating for 20 covers, offering scope for parties and barbecues. This is a unique opportunity to purchase such an established and popular local business that is well run, offering infinite scope for the future. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £85,000 per annum approx.
GP: 55% approx.
Opening Hours
Sun: 12.00pm - 3.00pm
Mon: 7.00pm - late
Tues - Sat: 12.00pm - 3.00pm and 7.00pm - late
Accommodation Details
Double fronted Grade II listed premises situated in a parade on the High Street. Briefly comprising:
Ground Floor
• Entrance leading to restaurant area with tables and chairs for 42 covers
• Central bar with coolers
• Commercial kitchen equipped for trade with 2 x large refrigerators, freezer, 6-burner hob, 2 electric ovens, dishwasher, Bain Marie and serving hatch to restaurant
Lower Ground Floor
Large Seller
Living Accommodation
Self-contained, spread over two floors, comprising;
• Lounge
• Kitchen
• Utility
• Bathroom/WC
• 2 double bedrooms
• Office
External
• Enclosed area with 20 covers used for parties and barbecues
• Scope for conservatory to extend restaurant
• Storage unit housing freezer, walk-in cold room and wine store
• On street parking
Tenure
Leasehold
Original length: 30 years
Remaining: 19 years
Review: every 3 years
Rent: £20,000 per annum
| | | | | | FOR SALE | | | | | SELLER: | PREFERRED COMMERCIAL LTD | | CONTACT: | 08448 711 484 | | REFERENCE: | 1148 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
