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Spacious Freehold Detached Licensed Restaurant

Undisclosed Warwickshire
Main road trading position, densely populated residential and commercial area, WARWICKSHIRE
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 53113
ADVERT IMPRESSIONS : 20,595 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Fast Food
SALE: Agent Sale

FREEHOLD:

£500000
 

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BUSINESS DETAILS:

Features : Previously trading as a Public House and with the benefit of a Full On Licence. Opened in February, 2010 as a Licensed Restaurant/Freehouse. At present Thai and Korean cuisine, which could obiously be continued and in opinion there is potential for other types of cuisine, if desired.

Front area with 2 tables and benches (can be increased to 4 tables, if desired)

Entrance to ATTRACTIVE LOUNGE BAR, fully carpeted. Tables and chairs plus highchairs providing seating for approx. 30 persons. Long wooden bar, 7 hand pumps, soft drinks dispenser (on loan from Pepsi Cola), double door glass fronted counter fridge, electronic cash register, optics, sink, space for glasswasher (if desired).

ADJOINING RESTAURANT with open fireplace. Tables and chairs providing seating for 16 persons. Buffet area with heated cabinet.

REAR SPACIOUS RESTAURANT, attractive floor. Tables and chairs providing seating for 72 persons (can be increased to accommodate 90 persons, if desired).

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. 3 urinals, wash hand basin

Level kitchen with industrial non-slip floor and well equipped including 2 stainless steel extractor units, 7-burner powerful cooker with large oven, centre stainless steel table with heated lamp plus shelving, 3 stainless steel tables, double sink and drainer plus single sink and drainer, 2 stainless steel fridges, 2 stainless steel deep freezes.

Large basement

First floor Large Function Room, full gas fired central heating with dance floor, stage, potential for 100 persons. Attractive large Victorian Bar with handpumps.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

In addition there are 2 large front rooms

In our opinion there is potential to convert the first floor into 3 Self Contained Flats, subject to obtaining the necessary planning permission.

Location : Main road trading position, densely populated residential and commercial area, WARWICKSHIRE

Opening Hours : Monday, Tuesday & Wednesday - evenings only 5 p.m. - 11 p.m. (last orders)
Thursday - Sunday inclusive - 12 noon - 11 p.m. (last orders)

Turnover : As stated the Restaurant was opened in February, 2010 and we are advised the turnover is currently in the region of £3,000/£4,000 p.w. in our opinion offering tremendous potential for further development in the right hands.

Tenure : Uniform Business Rates: £2,116 p.a. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £500,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Accommodation : Second floor. SPACIOUS FLAT with FULL GAS FIRED CENTRAL HEATING, comprising:

3 Large Double Bedrooms
Shower room with shower, w.c. and wash hand basin (new suite)
Large Kitchen

Outside : Courtyard area with parking for 3 cars plus brickbuilt out building.

Staff : The Restaurant is at present operated by a lady vendor with the assistance of her sister who is a chef plus 1 full time chef and 1 kitchen staff (5 evenings per week), in addition there are 2 full time waitresses plus 4 part time waiters/waitresses.
   
  FOR SALE
   

REFERENCE:

R1777 / RightBiz
   
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