Superb Leasehold Bistro/restaurant | | Newport Shropshire | | SUPERB LEASEHOLD BISTRO/RESTAURANT - SHROPSHIRE Advised annual turnover £90,000 with good GP returns Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68530
ADVERT IMPRESSIONS : 9,203 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £70,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB LEASEHOLD BISTRO/RESTAURANT - SHROPSHIRE
Advised annual turnover £90,000 with good GP returns
Early interest and viewing is highly recommended
Situated in the beautiful market town of Newport
Sale price includes all fixtures and fittings
Exceptionally well presented throughout
Would suit most menus and cuisines
Ideal lifestyle change opportunity
Genuine reason for sale
LEASEHOLD
Location
This excellent leasehold bistro/restaurant is located in the market town of Newport which is in Shropshire. The location is ideal as it's situated by the town's main large car park and supermarket so visitors to the shopping centre are forced past the businesses front. The neighbouring area has a fine display of upmarket commercial style shops and businesses together with national retailers, banks and historic public houses which brings shoppers to the centre throughout the year. There is a good amount of neighbouring residential homes with further development ongoing which also supplies customers in a short travelling distance and additional visitors in the months and years to come. The town is also popular due to it being situated close to the M54 and M6 motorway which make visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this excellent leasehold bistro and restaurant which has a proud history dating back to the early 1990's. The business has been owned and run by our client since 2010 who is only now placing it onto the market due to other business interests. Our client has gone to considerable expense and effort to modernise the property which has resulted in a beautiful dining facility that is a pleasure to visit. She's very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. The business currently achieves a respectable advised annual turnover of £90,000 which is derived from providing excellent food menus coupled with alcoholic drinks. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. We would like to urge very early interest in this opportunity as businesses of this calibre rarely appear onto the market.
Financial Profile
Turnover: £90,000pa
Stock approximately: £3,000
Gross profit: 75%
Tenure
Leasehold
Original length: 5 years
Remaining: 4 years
Rent: £850pm
Opening Hours
Monday: Closed
Tuesday: 6:00pm - 11:00pm
Wednesday: 6:00pm - 11:00pm
Thursday: 6:00pm - 11:00pm
Friday: 6:00pm - 12:00am
Saturday: 6:00pm - 1:00am
Sunday: Closed
Accommodation
Well presented single storey bistro with well placed advertising sign, glass front, secure entrance, open plan dining, 34 well spaced covers, bar/reception, commercial fully stainless steel kitchen, customer toilets, secure lockable wine and spirit storage room.
GROUND FLOOR
Glass fronted with secure entrance leading to:
Open plan dining restaurant area
34 well spaced covers
Traditional dining tables and chairs
Bar reception
Wine displays, coffee machine, payment facilitates and drinks chiller
Customer toilets
Secure lockable wine and spirit store
Kitchen
Commercial full stainless steel kitchen with large extraction
Wash and preparation areas
External access door
EXTERNAL
Front pathway
Neighbouring large town car park and bus stop depo | | | | | | FOR SALE | | | | | REFERENCE: | 2774 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
