Freehold 50 Cover Restaurant With Accommodation And Development Potential | | Undisclosed Cambridgeshire | | CAMBRIDGESHIRE FREEHOLD 50 COVER RESTAURANT WITH ACCOMMODATION AND DEVELOPMENT POTENTIAL Located in market town in Quintessental Grade II listed building Excellent reputation as a contemporary bistro A/T: £114,600 GP: £134,100 Full planning permission for Substantial 4 bed house Business run at a pace to suit vendor -huge potential F/H: £615,000 REF: 9729PE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51561
ADVERT IMPRESSIONS : 20,623 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | FREEHOLD: | £615000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Prominently sited historic restaurant close to town centre of a delightful Cambridgeshire market town
Busy road with substantial traffic flow; highly visible
Close to Peterborough railway station with easy links to London and the North
HISTORY
Business established by vendors father in 1979
Very much a family business taken over by vendor in 1999
Loyal and stable staff over many years
Ongoing programme of investment to maintain delightful historic ambience
Refurbishment 2006
Very highly regarded locally with excellent reputation as a contemporary bistro
Full planning permission for a substantial 4 bedroom dwelling to the rear of the restaurant
REASON FOR SALE
Ill health
PRODUCTS
Extensive table dhote and a la carte menu choices offered
Cuisine incorporates English, European and Asian elements
Well stocked wine cellar
Fully licensed bar
Sales of work from prestigious local artists providing tasteful and changing decor
Jewellery sales from display cabinet within the bar
CUSTOMERS
Predominantly affluent middle income
Spans all age ranges, and includes families
SUPPLIERS
Ingredients sourced locally where possible
Range of trade wholesalers
STAFF
Run by vendor with part time assistance from his spouse
2 full time chefs ( 28 years service and 12 years service)
Part time Restaurant Manager (20 years service)
TRADING HOURS
Evenings only Tuesday to Saturday
PREMISES
A quintessential English property, grade II listed, comprising restaurant and owners accommodation
Large car park to rear, with full planning permission for substantial 4 bedroom dwelling (plans drawn)
Entrance lobby
WC
Delightful bar with inglenook fireplace, wooden beams and period features
50 cover restaurant, on two levels, decorated in sympathetic contemporary style; period features including fireplace
Fully equipped spacious commercial kitchen
Staff WC
Spirit store
Store
Very spacious owners accommodation above with 2 bedrooms, large lounge, private kitchen and bathroom
Alarmed
STRENGTHS
Restaurant on site for 30 years with excellent reputation within the County
Loyal and stable staff
Affluent customer base
No immediate investment required beyond the consideration price
Ample car parking
Superb rural lifestyle within easy striking distance of London
Rare freehold opportunity
Owners accommodation above the restaurant with possible use for manager/chef
SCOPE
Opening hours restricted at present with scope for lunchtime opening along with Sunday and Monday evenings
Currently operated at a pace to suit lifestyle of vendor
Opportunities to vary the menu choices and introduce alternative styles
Development of 4 bedroom dwelling for owner or for rental (build out cost £400, 000+)
Website development and marketing activity limited at present
TENURE
Freehold
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9729PE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
