Scroll To Top
THIS BUSINESS IS NOW UNDER OFFER

Authentic Louisiana Kitchen Business in Bournemouth

Bournemouth, Dorset
Leasehold Price:
£69,500
Find more details, or book a viewing:
Status
UNDER OFFER
Advert ID
218950
Reference
010261LHP / Rightbiz

Details

LOCATION

Bournemouth is Dorset's principal commercial centre and one of the UK's premier seaside resorts. It has a residential population in excess of 160,000 persons and a primary shopping catchment of 396,000 persons within a six mile radius (FOCUS).

The town is a thriving tourist destination with an estimated 1.5 million staying visitors and 3.8 million day visitors every year. Bournemouth also benefits from a substantial and growing student population with in excess of 20,000 students attending the university.

Bournemouth has enjoyed substantial inward investment in recent times. This includes two town centre hotels, Hilton Bournemouth and Hampton by Hilton together with the recently opened, all weather, BH2 leisure scheme which features a 10 screen, 2,000 seat Odeon cinema and a number of branded restaurants.

The Bayou occupies a prime trading location just off The Square within Richmond Hill opposite Wildwood and Starbucks and close to Slug & Lettuce.

DESCRIPTION

The Bayou, which opened in 2017 following a comprehensive refurbishment programme, comprises a 70-80 cover eatery and bar arranged over ground and first floors.

The premises have a strong ambience in keeping with the Louisiana kitchen theme and feature rough cut timber bars with corrugated iron canopies etc.

The ground floor is currently configured to provide 18 seats at 4 tables together with 8 bar stools. In addition there is a wine store, office area and beer cellar.

The first floor comprises 48 seats at 14 generously spaced tables plus a bar. Also, at first floor level is a large and comprehensively equipped commercial kitchen, office, male and female WC’s and, to the rear, good bin storage facilities.

The ground and first floors are linked via a feature, wide sweeping steel spiral staircase and the two floors are also serviced by a dumb waiter.

LOCATION

Bournemouth is Dorset's principal commercial centre and one of the UK's premier seaside resorts. It has a residential population in excess of 160,000 persons and a primary shopping catchment of 396,000 persons within a six mile radius (FOCUS).

The town is a thriving tourist destination with an estimated 1.5 million staying visitors and 3.8 million day visitors every year. Bournemouth also benefits from a substantial and growing student population with in excess of 20,000 students attending the university.

Bournemouth has enjoyed substantial inward investment in recent times. This includes two town centre hotels, Hilton Bournemouth and Hampton by Hilton together with the recently opened, all weather, BH2 leisure scheme which features a 10 screen, 2,000 seat Odeon cinema and a number of branded restaurants.

The Bayou occupies a prime trading location just off The Square within Richmond Hill opposite Wildwood and Starbucks and close to Slug & Lettuce.

DESCRIPTION

The Bayou, which opened in 2017 following a comprehensive refurbishment programme, comprises a 70-80 cover eatery and bar arranged over ground and first floors.

The premises have a strong ambience in keeping with the Louisiana kitchen theme and feature rough cut timber bars with corrugated iron canopies etc.

The ground floor is currently configured to provide 18 seats at 4 tables together with 8 bar stools. In addition there is a wine store, office area and beer cellar.

The first floor comprises 48 seats at 14 generously spaced tables plus a bar. Also, at first floor level is a large and comprehensively equipped commercial kitchen, office, male and female WC’s and, to the rear, good bin storage facilities.

The ground and first floors are linked via a feature, wide sweeping steel spiral staircase and the two floors are also serviced by a dumb waiter.

ACCOMMODATION

The accommodation with approximate areas and dimensions is as follows:

Ground Floor

Restaurant/Bar Area: 18 covers & 8 bar stools

518 sq ft (48.14 sq m) with wash up area.

Wine Store:                        13 sq ft    1.20 sq m)

Beer Cellar:                        84 sq ft     (7.80 sq m)

Office Area:                       19 sq ft    (1.77 sq m)

First Floor:

Restaurant / Bar Area:     48 covers.

636 sq ft    (59.10 sq m)

Spacious Commercial Kitchen: 267 sq ft (24.81 sq m)

Comprehensively equipped for the trade and featuring a good wash up facility.

Office:                                  25 sq ft    (2.32 sq m)

Ladies WC: Fully tiled with two WC’s and two wash basins.

Gents WC: Fully tiled with urinal, WC and two wash basins

Outside: bin storage space at rear.

THE BUSINESS

The Bayou specialises in Cajun and creole dishes and caters for those seeking anything from a quick lunch to a full dinner menu or perhaps just a drink in a convivial atmosphere.

Further information can be found at:

http://thebayoukitchen.co.uk/

TRADING PERFORMANCE

The business generates good weekly turnover figures. In the usual way, full details regarding the trading performance of the business can be provided to applicants at an appropriate stage in negotiations.

TRADING HOURS

12.00pm – 12.00am Mon-Sat

12.00pm – 11.30pm Sunday

Food is served 12.00pm – 10.00pm

STAFFING:

We understand that 3 chefs each work approximately 35 hours per week in addition to which there are a number of part time waiting staff.

LEASE TERMS

We understand that the premises are held on the residue of a 15-year lease commencing 20th October 2017 at a passing rent of £30,000 per annum, exclusive. The lease provides for rent review every 5 years.

FINANCE ACT 1989

Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves as to the incidence of VAT in respect of any transaction.

RATES

According to the VOA website the assessment for this property is stated as:

Restaurant and Premises, Rateable Value: £16,500

The Small Business Rate multiplier is 48p in the £ (Year ending 31st March 2019) For more information visit:

https://www.gov.uk/introduction-to-business-rates

PRICE

Our clients seek a price of £69,500 for the benefit of the leasehold interest, goodwill, trade fixtures, fittings and equipment with stock to be purchased in addition at valuation.

INVENTORY

The premises are comprehensively equipped for the trade and a full inventory of fixtures fittings and equipment will be provided to the purchasers.

LEGAL COSTS

Each party are to bear their own legal costs together with 50% each of the landlord’s costs incurred in the transaction

ENERGY PERFORMANCE ASSET RATING

Energy performance asset rating E (111)

Full details available on our website.

VIEWING

By prior appointment via the sole agents Willis Commercial through whom all negotiations must be conducted.

CONTACT

Willis Commercial – 01202 887555

enquiries@williscommercial.co.uk

Listing Details
Leasehold Price: £69,500
Tenure: Leasehold
Sector: Restaurants, Catering Businesses
Key Features
  • Town Centre location
  • Attractive Business
Energy Performance Certificate (EPC)
Particulars / More Information
Listing Statistics
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Request More Details
Or, arrange a viewing
THIS BUSINESS IS NOW UNDER OFFER
THIS BUSINESS IS NOW UNDER OFFER
Tip:
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
FAQ:
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.

Related Businesses for Sale

Restaurants
Indian Restaurants
Willis Commercial
Licensed Restaurant for Sale
Undisclosed, Hampshire
Disclaimer
The data showed regarding this advert 'Authentic Louisiana Kitchen Business in Bournemouth - 010261LHP / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.