Spacious Modern Licensed Restaurant & Bar | | Undisclosed Hertfordshire | | Sought after Courtyard position, just off the High Street, HERTFORDSHIRE | | ADVERT NUMBER : 69919
ADVERT IMPRESSIONS : 16,950 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £40000 | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a fully equipped Licensed Restaurant with Bar in this sought after trading position. As stated the Restaurant is situated within a courtyard with the advantage of overlooking the Abbey at rear.
Entrance to SPACIOUS GROUND FLOOR RESTAURANT with quality tiled marble floor, ceiling with inset spotlighting, 2 ceiling fans. Quality tables and chairs providing seating for 50 persons. Reception/Dispense Bar area.
Stairs plus separate external entrance to GARDEN LEVEL BAR with quality laminated strip floor, wall and ceiling lighting. Long bar with marble top, 2 double door glass fronted counter fridges, glasswasher, sink, Aquvac unit. We understand the bar are is licensed for up to 60 persons, however, we understand that this is shortly to be increased to be licensed for 120 persons.
Adjoining attractive paved patio area (overlooking the Abbey) with tables and chairs for 30/40 persons.
Location : Sought after Courtyard position, just off the High Street, HERTFORDSHIRE
Turnover : The Restaurant has recently been closed, however, in our opinion, in view of the excellent trading position, the Restaurant & Bar offers terrific potential for development in the right hands.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 22 years unexpired at a rental of £52,000 p.a. plus VAT exclusive of rates up to 3rd May, 2016, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £18,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS RESTAURANT IN THIS SOUGHT AFTER LOCATION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : OFFERS INVITED TO INCLUDED THE SECURE LEASE, FIXTURES & FITTINGS in the region of £40,000 subject to contract
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