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BEAUTIFUL RESTAURANT BAR IN LOVELY VILLAGE, ESSEX

Undisclosed, Undisclosed
Leasehold Price:
£185,000
Status
FOR SALE
Advert ID
245979
Reference
E7670RB / Rightbiz

LOCATION:              Within a 2 minute walk from the station just off the high street in a beautiful town with a village atmosphere a few minutes from Brentwood.

 

DESCRIPTION:        A large corner, modern, beautifully decorated, friendly & warm fresh site with a front outside terrace comprising 36 covers including a VIP table encouraging very successful private functions. This is currently the best place to eat in the town. The premises comprises a large glass frontage with 2 sets of double doors and a main entrance lobby. The outside terrace measures 450 sq ft, the inside measures 1,350 sq ft and the mezzanine floor measure some 530 sq ft. The main seating area has 45 covers, a bar section behind which is a fully fitted and equipped kitchen, a separate wash up area, with fridge, freezer and storage. A staircase from the restaurant leads to a mezzanine floor with a further 24 covers, ladies and gent wc’s, electric cupboard/cloak room. There is scope to extend the mezzanine floor for a further 12 covers or to make a VIP bar. At the rear is the bin area. Convenient parking outside is free for 2 hours during the day and free after 6 pm.

Now reduced by £50,000 from £235,000 for a quick sale.

 

BUSINESS:               Recently established taking £4,500 pw plus £100,000 pa on functions (£6,423 pw average) at 65%/70% g.p. Only for sale owing to other pressing business interests.

 

HOURS:                     Monday to Saturday 8.30 am to to 4 pm . Sundays 9 am to 4 pm. There is huge scope for evening trade and more functions.

 

EQUIPMENT:            Fully fitted for the trade including a Panasonic Air conditioning unit which cost £10,000, alarm, a cctv system, gas central heating, etc.

 

COMMENTS:            This was previously a wine bar with full on licence and is now fully refurbished throughout a year ago at an additional cost of £70,000.

 

 

TENURE:                   Renewable secure 15 Year lease from 1 October 2018 with 5 year rent review at the current of £25,000 pa . Rates £4,700 pa payable.

                                   

                                                                                                                                  

VIEWINGS/

Negotiations:            Only after 4 pm STRICTLY BY APPOINTMENT ONLY Strictly through PEGASUS BUSINESS SALES

Listing Details
Leasehold Price: £185,000
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Restaurants, Bars
Financials
Annual Turnover: £234,000
Annual Net Profit: Available upon request
Key Features
  • Central Position in Affluent Village
  • Accounts Available
  • Established Business
  • Retirement Sale
  • Offers Invited
  • Attractive Business
  • Planning Consent Available
  • Town Centre location
  • Fully Fitted
  • Prime Location
  • Close to Local Amenities
Contact Agent
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Advert Reference: E7670RB / Rightbiz

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