Scroll To Top

RESTAURANT, NEWMARKET, SUFFOLK

Newmarket, Suffolk
Leasehold Price:
£45,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
235297
Reference
E7600RB / Rightbiz

Details

LOCATION:              In a prime high street of the famous market town and world heritage site of Suffolk, 65 miles from London, global centre of thoroughbred horse racing, home to over 3,500 race horses, largest horse breeding centre and Cambridge Science Park, this restaurant is in the centre of the business cluster next to the Waggon and Horses pub opposite Wildwood and TK Maxx. Nearby is also The Rutland Arms hotel and all major banks plus multiple retailers. Great passing trade.

 

DESCRIPTION:        A Single fronted restaurant with 22 covers and a bar section, ladies and gents wc’s (525 sq ft). The rear door leads to a small store room with a wine fridge with a further ear door which leads to the service road with a 2 car space.

 

On the first floor is the 22.6 x 15.6 restaurant and function room with a further 24 covers, a fully fitted stainless steel kitchen 15.5 x 8.10 and a stock room 10.11 x 9.10. The rear door with the staircase leads to the service road. There is another large room which the owner uses as staff accommodation which contains a shower cubicle and wc. The stud partition wall may be removed to make one large seating area of 48 covers if required.

                                   

BUSINESS:                  In the same hands 12 years run taking £5,000 pw at 65% g,p. Owner now preparing retire.

 

EQUIPMENT:               Fully equipped for the trade including a 7 burner gas cooker, a double bar fridge, a coffee machine, 2 hot cabinets, a Buffalo microwave, a tandoori oven, 2 Polar upright stainless steel fridges, a chest freezer, a Polar glass fronted wine fridge, furniture, etc.

 

ACCOMMODATION: 1 Bedroom.

 

HOURS:                       Noon to 2.30 pm and 5 pm to 11 pm.

 

TENURE:                   A secure new renewable 20 year lease from 2018 with 5 yearly rent reviews at a current rent of £23,500 pa. Small business rate relief (£0 rate).

 

VIEWINGS:                By appointment only.

 

NEGOTIATIONS:     Strictly through PEGASUS BUSINESS SALES on 020 7935 3939           

Seller Details
Telephone: Login to view
Agent Name: Login to view
Advert Reference: Login to view
Listing Details
Leasehold Price: £45,000
Tenure: Leasehold
Sector: Restaurants, Indian Restaurants
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Prime Location
  • Offers Invited
  • Accounts Available
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
Contact the seller for more details, or book a viewing
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
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.
Disclaimer
The data showed regarding this advert 'RESTAURANT, NEWMARKET, SUFFOLK - E7600RB / 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.