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SOLD OR WITHDRAWN FROM THE MARKET
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Leasehold Free Of Tie Restaurant & Wine Bar In Droitwich Spa For Sale

Droitwich Spa, Worcestershire
Leasehold Price:
£94,950
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
195054
Reference
2104 / Rightbiz

Details

Leasehold Restaurant & Wine Bar For Sale In Droitwich Spa Freehouse
2/3 Bedroom Accommodation Above
Ref 2104
Location
This respected Restaurant & Wine Bar is located in the highly desirable market town of Droitwich Spa. The property is detached grade II listed and displays a prominent and highly visible main road position. The town offers a selection of complimentary independent retailers along with Blue Chip retailers such as Waitrose. Droitwich spa is easily accessed via the A38 and M5 motorway network.

Business information
Asking Price: £94,950 plus SAV
Turnover: £4,000 per week
Business rates: zero

New Lease available
Current rent £21,000 pa
Rates zero

Business Description
Veritas Business Sales are delighted to offer for sale this respected Restaurant & Wine Bar concern which is located in the desirable market town of Droitwich Spa. The business dates back to circa 1908 and has been in the careful hands of my clients for the last 20 years and is reluctantly being offered for sale so they can enjoy a well deserved retirement. Since ownership they have undertaken continual refurbishment and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Spinning wheel is operated by a husband and wife team with the help of 4 part time members of staff and has an average weekly turnover of circa £4,000. Food sales are approximately 70% of the turnover and on the daytime menu you will find English breakfasts, sandwiches, paninis, toasties, jacket potatoes, and light lunch specials. The evening menu serves a fine selection of carefully selected classics starters, main meals and desserts. All meals are freshly prepared to order on site using only the freshest locally sourced produce. These can all be enjoyed in a homely, quiet and both trendy and rustic surroundings to include a cosy warming log burner. The remaining 30% of turnover comes from wet sales where margins are high due to the fact that they are free of tie. We believe that there is further potential to increase trade should you wish to by opening on Sunday to serve a traditional Sunday roast, opening on Mondays and you could open all day during the week days. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passing tourists & shoppers. This is a superb opportunity to purchase an established with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday – closed
Tuesday – 9.00am – 3.00pm
Wednesday – Saturday 9.00am – 3.00pm
& 6.00pm – 11.00pm
Sunday – closed

Ground Floor
Bar area with bar servery with 3 draught beer pumps, glass washer, 2 x 2 door bottle fridges, shelving, cash register and seating for (12)
Restaurant area with seating for (48) and feature fire place with log burner and feature fireplace with built in gas fire
Ladies W/C with hand wash basin
Catering kitchen with 6 burner range (Moorwood Vulcan), extraction unit, double sink drainer, hand wash basin, double deep fat fryer (Cougar), microwave, hot water boiler, coffee machine (Belero), grill (Falcon), work surfaces, 2 x fridges and a cash register.
Hallway with fridge, shelving and microwave
Hallway with bottle fridge and shelving
Staff W/C and wash hand basin
Office with deak, fridge (Lec), sink drainer, Fridge (iarp), double door upright freezer and shelving
Lean-to with storage
Cellar with sink drainer and ice making machine and W/C with hand wash basin

First floor
Laundry room with, washer (Whirlpool), dryer 7Kg (Beko), sink drainer, fitted units and combi boiler (Logic)
Lounge
Kitchen/dining room with fitted base units, 4 ring electric hob with double hotplate and electric oven (rangemaster 110), extractor unit and fridge (Scandinova)

Second Floor
Double bedroom with hand wash basin
Double bedroom with loft space / storage
Dressing room or 3rd bedroom
Bathroom with bath, separate shower cubicle, W/C and hand wash basin

External
Rear court yard with seating for (40)
Brick built BBQ
Smoking shelter
Garage
Parking for (4)
Gents W/C x 2 with hand wash basin

The property benefits from gas fired central heating
Seller Details
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Listing Details
Leasehold Price: £94,950
Tenure: Leasehold
Sector: Bistros, Bars, Restaurants
Financials
Annual Turnover: £200,000
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Free of Tie Leasehold
  • Prime Location
  • Accounts Available
  • With Car Park
  • New Lease
  • With Accommodation
  • Close to Local Amenities
  • Retirement Sale
  • Offers Invited
  • Trade Gardens Available
  • Town Centre location
  • Unique Business
  • Fully Fitted
  • Attractive Business
Location Statistics
What's nearbyi:
The Car Lot Worcestershire (approx. 0 mile)
Bluebells Florist & Gifts (approx. 0 mile)
David Neville Ltd (approx. 0 mile)
Vishali Restaurant (approx. 0 mile)
Tony Hair Studio (approx. 0 mile)
Saab Specialists (approx. 0 mile)
Droitwich Liquor Smart (approx. 0 mile)
SN Financial Services Ltd (approx. 0 mile)
The Pamper Pot (approx. 0 mile)
Bromsgrove Road (approx. 0 mile)
Listing Statistics
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SOLD OR WITHDRAWN FROM THE MARKET
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