Freehold Café Restaurant and Bistro For Sale Lake District Cumbria

Penrith, Cumbria

Status

FOR SALE

Date Submitted:

13/10/21

Advert ID

284344

Reference

ID2869 / Rightbiz
Freehold: £825,000
Annual Turnover: £416,000
Annual Net Profit: N/A

Sovereign are ecstatic to have this stylish café bistro for sale which according to clients has set a new benchmark in roadside cuisine serving a variety of food at affordable prices, from locally sourced ingredients.

The property which dates back to 1800 was bought as a derelict pub in 2011 and 18 months later was transformed into an upmarket eatery attracting tourists, Centre Parcs clients and a local clientele from the surrounding area.

Average weekly sales at the moment are circa £8,000 even though the business is closed on Tuesday and Wednesday’s.

This outstanding business has its own car park, the ground floor can host up to 80 covers and the first floor can host an additional 12. Themed nights are popular and the refurbishment is of the highest standard with a second commercial kitchen, pizza oven and walk in cooler on the first floor coupled with a fully fitted additional kitchen downstairs with a head chef who is on hand for any special requests or dietary enquires.

The first floor has a three bedroomed flat with lounge, kitchen and family sized bathroom and shower, this unit has its own first floor entrance. This exceptional property has three phase electricity and data cabaling throughout the property.

The success of this business can be attributed to the fact that from classic bistro dishes such as steak frites to a simple sandwich served in artisan breads, presentation being the key and customer service this is a highly sought after eatery.

The business and property is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company. The sale price quoted above is based on the assumption that on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any trade creditors; the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.

A viewing comes highly recommended to any entrepreneur looking to buy into the hospitality industry.

Business ID: 2869
Comfortably 80 Cover Seating
Limited Company Share Sale
Lucrative Opportunity For Someone In Hospitality
Excellent Opportunities For Growth
On Site Accommodation
Highly Sought After Trading Position
Must Be Viewed To Fully Appreciated
 

Key Features
  • Prime Location
  • High Turnover
  • Accounts Available
  • Offers Invited
Contact Agent
Advert Reference:
ID2869 / Rightbiz
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