Attractive Olde Worlde Licensed Bistro & Bar | | Undisclosed Suffolk | | Sought after position, opposite church, close to main town centre, SUFFOLK | | ADVERT NUMBER : 63275
ADVERT IMPRESSIONS : 16,769 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | English Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £20000 | | | | | BUSINESS DETAILS: | Features : Attractive and spacious Olde Worlde Property. Grade II listed building.
Front patio area with tables and chairs for 24 persons (can be increased)
GROUND FLOOR RESTAURANT/BAR with wealth of oak beams, wall and ceiling lighting, tiled floor plus dance floor area (if required). Tables and chairs providing seating for 26 persons plus lounge area providing additional seating for 10 persons.
ATTRACTIVE BAR with 9 hand pumps, 2 double door glass fronted drinks fridges.
Gentlemen's cloakroom with urinal, w.c. and wash hand basin
FIRST FLOOR ADDITIONAL RESTAURANT AREA fully carpeted, wall lighting. Tables and chairs providing seating for 20 persons (can be increased to accommodate 35 persons if desired).
Ladies' cloakroom with 2 w.c's, wash hand basin
KITCHEN/PREPARATION AREA fully equipped including stainless steel extractor unit, gas cooker, deep fryer, upright stainless steel fridge, 3 additional fridges, 2 deep freezers, stainless steel tables etc.
SECOND FLOOR FURTHER RESTAURANT AREA with ceiling lighting. Tables and chairs for an additional 30 persons.
W.c.
Location : Sought after position, opposite church, close to main town centre, SUFFOLK
Opening Hours : Tuesday - 11 a.m. - 3 p.m.
Wednesday & Thursday - 11 a.m. - 12.30 a.m.
Friday & Saturday - 11 a.m. - 1 a.m.
THE BUSINESS IS CLOSED ALL DAY SUNDAY & MONDAY
It will be appreciated upon inspection that there is potential for additional opening hours.
Turnover : WE ARE INFORMED the turnover is in the region of £5,500 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £40,000 p.a. exclusive of rates up to November, 2011, with rent to be agreed thereafter. The business has recently had a reduction in its business rates assessment determinede by the Valuation Officer, The documentation in respect of this can be made available and used in November, 2011, if needed.
WE UNDERSTAND THAT A RENT DEPOSIT MAY BE REQUIRED BY THE LANDLORDS
Uniform Business Rates: £6,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated under management with 1 of the partners being the full time manager and with the assistance of a supervisor plus 3 part time staff restaurant area. Kitchen area - 1 full time head chef, 1 second chef (30 hours p.w), 1 kitchen porter (30 hours p.w). Wages paid we understand in the region of £1,200 p.w.
It will be appreciated upon inspection that with an active husband and wife team in our opinion the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
