Attractive & Spacious Licensed Restaurant & Bar | | Undisclosed Oxfordshire | | Sought after shopping centre, affluent residential area, approximately 2 miles from the City Centre, OXFORDSHIRE | | ADVERT NUMBER : 69983
ADVERT IMPRESSIONS : 15,228 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £75000 | | | | | BUSINESS DETAILS: | Features : The Shopping Centre is situated in a sought after residential area with offices and large business park nearby. The Shopping Centre has a large car park which is free for customers for the first 3 hours and indeed free in the evenings.
The Restaurant has the benefit of a Full On Licence and caters for breakfasts, lunches, snacks, salads, pizzas, teas and coffees. Full dinner menu and takeaway service, cocktail and wine menu.
Front area with space for tables and chairs for approximately 50 persons
SPACIOUS RESTAURANT with laminated strip floor, high ceiling with hanging lighting. 2 air conditioning units. Tables and chairs plus breakfast bar providing seating for approximately 50 persons. Large attractive counter, computerised till with 2 printers, 2 double door glass fronted drinks fridges, 2-door stainless steel counter fridge, 2 group coffee machine, coffee grinder, mirror-backed shelving, integral bin and knockout drawer.
ADJOINING LEVEL KITCHEN with tiled floor. The equipment includes 4-burner electric cooker, pasta boiler, single deep fryer, 2-deck pizza oven, 1 3-door stainless steel counter fridge with refrigerated topping section, 1 2-door stainless steel counter fridge, toaster, 2 domestic plus 1 commercial microwave oven, dishwasher, 2 single sinks, wash hand basin, chest deep freeze, 1 fridge/freezer, panini machine etc.
Fully tiled disabled cloakroom with w.c. and wash hand basin
Location : Sought after shopping centre, affluent residential area, approximately 2 miles from the City Centre, OXFORDSHIRE
Opening Hours : Monday - Thursday inclusive - 9 a.m. - 3 p.m. & 5.30 p.m. - 9 p.m. (last orders).
Friday & Saturday - 9 a.m. - 3 p.m. & 5.30 p.m. - 10 p.m. (last orders)
NO SUNDAY TRADING
Turnover : WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx. The Restaurant does offer a Takeaway Service and in our opinion there is terrific potential for the introduction of deliveries, if desired.
Tenure : We understand the premises are held on a secure renewable full repairing and insuring Council lease, the present lease expiring on the 11th September, 2020 at a current rental of £26,000 p.a. exclusive of rates up to March, 2016, with rent to be agreed thereafter.
Uniform Business Rates: £7,000 p.a. approx.
THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 7½ YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED is at present let on a shorthold tenancy and provides a rental income of £680 per month. (We understand the tenant is also responsible for the electricity and water bill plus Council tax for the accommodation). We further understand that the flat can be vacant on completion, if required. The accommodation comprises:
2 Bedrooms (1 double plus 1 small double)
Tiled bathroom with bath, shower over bath, w.c. and wash hand basin
Large Lounge/Dining Room
Kitchen with fitted units
Outside : Service area at rear with parking space for 2 cars
Staff : At present operated by 1 of the owners wife's on a part time basis with 3 full time and 2 part time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
