Entrepreneurial Opportunity To Develop A Small Unique Licensed Restaurant | | Grantham Lincolnshire | | Successful unique restaurant with enviable reputation. Prime Location. Private Parking. Low maintenance costs. Can be operated by 1 / 2 persons. Entrepeneural opportunity for Creative Individual. Other commitments currently force restricted opening hours. Lease to let or rent Entrepreneurial Opportunity To Develop A Small Unique Licensed Restaurant is located in Lincolnshire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71801
ADVERT IMPRESSIONS : 6,949 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Private Sale | ASKING PRICE: | £50000 | ANNUAL RENT: | £10000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SITUATION - Grantham is an historic thriving and rapidly expanding market town with a population of some 35,000. The town is ideally situated for communication links, being bypassed by the main A 1 Trunk road being convenient for both Nottingham and Peterborough and benefiting from regular Inter City train services to London's Kings Cross. The town has excellent facilities including first class Junior, Secondary and Grammar Schools and a wide range of health services. The restaurant is located on the busy main A 52 Nottingham to Boston east coast route and is one minutes drive from the town's train station. The property is available by way of assignment of the existing 20 year lease which commenced in October 2009 at an annual rent of 10,000 pounds + VAT PAX. THE BUSINESS - This licenced restaurant currently offers a unique dining experience of both French and Italian cuisine and an exciting menu of exotic meats and chef's specials. Opening hours are currently 6pm until 9pm Monday to Saturday. The good reputation of the business has been built solidly by word of mouth and the vendor has never had to resort to outside advertising. There is great potential to increase the current opening hours and also to further diversify the catering as there are no other reputable restaurants, or good quality coffee / afternoon tea houses in the vicinity, which is largely resedential. A copy of trading accounts can be made available upon request to the owner by seriously interested parties. Genuine offers are invited for the sale which is to include fixtures, fittings, all equipment, goodwill and stock at valuation. ACCOMMODATION - Extending to 80. 1sqm / 862 sqft. SEATING / WAITING AREA - Currently housing 2 leather sofas, individual seating and coffee table. There are two UPVC double glazed windows to front elevation, fully tiled floor, recessed spot lighting to ceiling with dimmer switch and shelving to one wall. RESTAURANT - Currently benefiting from 16 covers but with the potential to offer further covers if needed. Having a tiled floor, fire detection alarm, security alarm system, 4 camera CCTV coverage, three gas radiators and a mix of recessed spot lighting and decorative drop down light fittings with dimmer control. There is also a reception desk and pine sideboard with cupboards and drawers for storage of table linen etc. BAR - Being floor fixed with roll top edge work surface, stools and additional poser table and having a range of drink shelving and racking both above and beneath. It also houses an automatic glass washer, with double stainless steel sink and ice unit compartment for cocktail making below with inset spot lighting above. Situated to the rear is a further work surface with mirrored back wall and housing two glass fronted drinks fridges beneath and a range of shelving for drinks above. There is a Bean to cup multi purpose coffee machine, ice crusher, coffee grinding machine and inset spot lighting with dimmer control and tiled floor beneath. The bar also houses the restaurant's telephone and card machine points, music system, cash register, ice buckets, glasses, cups and saucers, cutlery, serving trays and stands. Access through to:-
KITCHEN - Having tiled floor; tiled walls to half height, fluorescent lighting, inset large double stainless steel sink with draining boards, hand wash basin, frosted window and fire escape door to rear. There is a four metal bar grill and six ring gas burner with stainless steel extraction hood over. The kitchen benefits from a range of fixtures, fittings and equipment including:-
* 1 large table top level double fat fryer ( Lincat)
* 2 table top level stainless steel work tops
* 1 two and a half metre long, prep counter top, fridge ( Infrico)
* 1 three table top heat lamp
* 1 three metre long free standing stainless steel work top
* Double door prep fridge, stainless steel. Gastronorm 90 upright, counter
top level
* Treble door prep fridge, stainless steel. Gastronorm 90 upright, counter
top level
* SS Hoshizaki 1 M - 65 LE ice making machine
* Upright 8 drawer Matsui freezer
* 2 table level chest freezers
* 1 table level fridge
* 2 Microwaves
* Complete kitchen equipment including blender, mixer, knives, utensils, cutlery, plates, soup bowls, serving dishes etc. * Suspended CCTV monitor
CLOAKROOM - The property benefits from both ladies and gentlemen's cloakroom / washroom facilities and is built to accommodate wheelchair users. Adjacent, there is a small lock up employee cloakroom. CAR PARKING - The property benefits from 4 private car parking spaces included within the lease and a further 4 communal car parking spaces. LEASE TERMS - The property is available by way of assignment of the existing 20 year lease which commenced in October 2009 at a rent passing of 10,000 pounds + VAT PAX. The lease provides for tenant break clauses at years 3, 5, 10 and 15 subject to 3 months written notice. Rent reviews are contained to every 5 years. A deposit of 2,875 pounds is required to be payable to the landlord. Rent is payable quarterly in advance. RATEABLE VALUE - 8,800 pounds in 2010
LOCAL AUTHORITY
South Kesteven District Council
St. Peter's Hill
Grantham
NG31 6PZ
Tel: 01476 406080
REFERENCES - As a matter of policy the ingoing tenant may be requested to provide bank and / or credit references together with any existing landlord / trade references. . . . | | | | | | FOR SALE | | | | | REFERENCE: | 71801 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
