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Refurbished Hot Food Take Away & Restaurant in Bournemouth Town Centre for Sale

Bournemouth, Dorset
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Fully Refurbished Town Centre Hot Food Take Away & Restaurant Photo 1
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Fully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & RestaurantFully Refurbished Town Centre Hot Food Take Away & Restaurant
  • Status

    FOR SALE

  • Date Submitted:

    06/11/19

  • Advert ID

    251980

  • Reference

    010428LHP / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £85,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Price Reduced
  • Attractive Business
  • Town Centre location
  • Established Business
  • Fully Fitted
  • Split Level Trading Area

Business Details

Fully Refurbished Town Centre Hot Food Take Away & Restaurant

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 seen substantial inward investment in recent times. This includes two town centre hotels, Hilton Bournemouth and Hampton by Hilton both of which are close to the subject premises.

In addition, and situated directly opposite the property is the major newly opened BH2 leisure scheme which features a 10 screen, 2000 seat Odeon cinema and 17 family orientated branded restaurants. These include Prezzo, Pizza Express, Nando’s. Miller & Carter Steakhouse, Handmade Burger Company, TGI Fridays, The Real Greek, Coast to Coast & Ask Italian amongst others.

The premises are well located between the retailing area of The Square and the BIC/ sea front area.

Directly opposite is a site where a substantial mixed use residential/ commercial development is proposed and this should further enhance Bournemouth’s reputation as one of the south’s premier leisure destinations.

DESCRIPTION
These fully refurbished premises are arranged over ground and first / mezzanine floors and have a character feel featuring rough cut timber, exposed brickwork and a beautiful ceramic tiled floor to the ground floor which also features bi-folding windows.

On the ground floor is a generously sized open commercial kitchen together with seating for 24 covers at rough cut timber benches.

At first floor level are a further 28 covers at benches and tables together with male & female WC’s and a storage room.

The premises benefit from CCTV, a wired fire alarm and burglar alarm systems.

ACCOMMODATION
The accommodation with approximate areas anddimensions is as follows

Single Fronted Shop

Ground Floor

Internal Width: 16’10” (5.13 m)

Shop Depth: 42’11” (13.08 m)

Net Sales Area: 700 sq ft (65 sq m) approx.

Feature counter unit in timber and stone. Ice glass topped cream/smoothie freezer, EPOS & cash till. Wash hand basin with soap dispenser.

Commercial Kitchen:

Equipped with: Grill Vapour stainless steel grill (bars and vapour unit), on stainless steel bench, stainless steel double deep fat fryer unit, stainless steel two draw chicken steamer, Mirror stainless steel griddle, large stainless steel extractor hood, Polar stainless steel fourdoor refrigerator, stainless steel Workstand oven, Polar stainless steel freezer, Polar stainless steel double fridge unit, Polar white chest freezer, Buffalo stainless steel microwave, Rational stainless steel six rack oven with stainless steel rack unit below.

Ancillary: Wash up area: 45 sq ft (4.18 sq m)

First Floor/ Mezzanine: 423 sq ft (39 sq m)

With seating for 28 covers at benches and seats

Ancillary: storage cupboard (not inspected)

THE BUSINESS
The business generates a good trading performance. The purchasers may wish to continue the existing trading style or move into other areas.

NB: The Charlie’s Chicken brand is not be conveyed with the sale of the business. Should the purchaser with to continue with a Charlie’s Chicken franchise model then our clients are happy to discuss such an arrangement.

PLANNING PERMISSION
Planning consent was granted by Bournemouth Borough Council (Application Number 7-2018-836-A0) for Change of Use from restaurant (Class A3) to restaurant and hot food take away (Class A3/A5)

The consent permits trading hours of 8.00 am to 1.00am seven days per week

LEASE
The premises are available by way of an assignment of the existing effectively full repairing and insuring lease granted for a term commencing 15th February 2018 and expiring 14th February 2024 at a passing rent of £15,000 per annum,exclusive rising on 15 February 2020 to £16,000 per annum ,exclusive until 14 February 2022 when the rent rises to £17,000 pa,exc for the residue of the term

A new 15 year lease will be in place for an incoming purchaser.

The lease excludes Section 24-28 of The Landlord & Tenant Act 1954

PRICE
Our clients seek a premium of £85,000 for the leasehold interest, goodwill, trade fixtures fittings and equipment SAV.

RATES
We understand that the Uniform Business Rates payable are turnover linked.
Further details available from the agents.

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.

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

ENERGY PERFORMANCE ASSET RATING
Energy Performance Asset Rating E107
Full EPC available for viewing on our website.

VIEWING
By prior appointment via the sole agents Primmer Olds BAS through whom all negotiations must be conducted.

CONTACT
Primmer Olds BAS – 01202 887555
[email protected]

DISCLAIMER
These particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute an offer or contract.

AGENTS NOTE
At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary as to the structural integrity of the premises and condition/working order of services, plant or equipment.
STRICTLY SUBJECT TO CONTRACT. ALL MEASUREMENTS APPROXIMATE.

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Energy Performance Certificate (EPC)

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Fully Refurbished Town Centre Hot Food Take Away & Restaurant - 010428LHP / 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.