Spacious Detached Licensed Restaurant/bar | | Undisclosed West Midlands | | Main road trading position, residential and commercial area, WEST MIDLANDS | | ADVERT NUMBER : 39654
ADVERT IMPRESSIONS : 27,508 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £140000 | | | | | BUSINESS DETAILS: | Features : Car Park for 30 carsSPACIOUS LOUNGE BAR carpeted, ceiling lighting. Tables and chairs plus bar stools providing seating for 50 persons. Bar with 3 hand pumps, electronic cash register, sink, glasswasher, ice maker, 2 double door glass fronted counter fridges, 1 single door glass fronted counter fridge etc.Ladies' cloakroom with w.c. and wash hand basin Gentlemen's cloakroom with w.c. and wash hand basin SPACIOUS RESTAURANT, fully carpeted, ceiling lighting. Tables and chairs providing seating for 110 persons. Ladies' cloakroom with w.c. and wash hand basin Gentlemen's cloakroom with w.c. and wash hand basin Large level kitchen with tiled floor. The equipment includes 9-burner gas cooker, 6-burner gas cooker with oven, 1 microwave oven, 4 stainless steel tables, double door stainless steel fridge, 3 double sinks with drainers, dishwasher, wash hand basin, walk-in coldroom, walk-in deep freezeLocation : Main road trading position, residential and commercial area, WEST MIDLANDSOpening Hours : Monday - Saturday inclusive - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.Sunday opening - 12 noon - 10.30 p.m.Turnover : WE ARE INFORMED the turnover averages £9,000 p.w. including takeaway and delivery, in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £29,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.Uniform Business Rates: £3,000 p.a. approx.RECOMMENDED FOR EARLY INSPECTIONPrice : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATIONSUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation : The SPACIOUS living accommodation comprises:6 Double BedroomsBathroom with bath, wash hand basinSeparate shower room with shower, wash hand basin2 Separate w.c's each with wash hand basinKitchen (not utilized at present)Staff : The business is at present staff operated. Staff employed 1 full time manager, 8 full time and 3 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
