Reduced Freehold Free Of Tie Bar & Restaurant | | Undisclosed Derbyshire | | DERBYSHIRE FREEHOLD FREE OF TIE BAR & RESTAURANT Prominent trading position in town centre 3 storey premises fully refurbished 45 covers AT: £415,000 Huge scope to increase trade & profits F/H: £750,000+SAV REF: 9974DE REDUCED DUE TO ILL HEALTH | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60499
ADVERT IMPRESSIONS : 24,152 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | FREEHOLD: | £750,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Prominent trading position in centre of town on main licence circuit
Located in a densely populated retail and pedestrianised area
Large frontage highly visible
HISTORY
Established for 4 years by current vendors
Previously a well established solicitors
Business has grown from strength to strength since opening, with continual development
The business had originally been valued at £975,000, but due to the vendors deteriorating health, the price has been drastically reduced
REASON FOR SALE
Vendor retirement
PRODUCTS
A wide range of alcoholic drinks
Range of non alcoholic drinks
Comprehensive and very individual menu
SERVICES
Rotary club meetings
Wedding functions
Business meetings
Social events and parties
CUSTOMERS
Very good local knowledge and recognised trading name
Rotary club members
General public
Events goers
SUPPLIERS
All stock supplied through a variety of local sources
STAFF
3 full time managers
7 bar staff
2 waitresses
2 Chefs
2 Assistant chefs
TRADING HOURS
Monday to Wednesday 11am - 4pm
Thursday to Saturday 11am - 11pm
Sunday 12pm - 11pm
FINANCIALS
Annual turnover is circa £415,000
PREMISES
Freehold 3 storey premises
Ground Floor:
Main ground floor bar area
Air conditioning
CCTV system
Comfort areas including leather sofa seating area to the front and rear of bar area
2 Fruit machines
Stairs to Cellar
Dumb waiter leading from ground floor to 1st and 2nd floors
Staircase to first floor
First Floor:
Private dining restaurant with integral bar area
Air conditioning
CCTV system
Original fireplace
Antique effect dark wood dining table and chairs for up to 40 covers
Refurbished Mens & Womens WCs
Staircase to second floor
Second Floor:
Separate central heating system
Fully equipped catering kitchen
Separate living quarters incorporating 2 bedrooms, one with en-suite
Living area
Bathroom and WC
Rear:
Patio & licensed area to the rear with weather proof system for approximately 25
STRENGTHS
Very well established in the town
Loyal repeat customer base
Location benefits from significant footfall 24hrs per day on main restaurant and socialising strip
Increased turnover during weekly market days and annual market fair (2nd largest in UK)
Premises can easily accommodate 200 + patrons
Completely refurbished 3 years ago
Recent licence attained for street cafe area to the front of premises
SCOPE
Scope to purchase land area to the rear of premises increasing square footage significantly
Significant potential to offer evening meals
Opening hours can be extended to (all day) opening
Opportunity to further increase floor space
Very little marketing currently undertaken
Licensed to 1am at the weekends currently not taken advantage of
Clean and bright living quarters make this an ideal purchase for husband and wife team.
Promotion of events and parties would be an advantage
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). | | | | | | FOR SALE | | | | | REFERENCE: | 9974DE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
