Leasehold Pub / Restaurant
Location England
Asking Price Range < $250K
Gross Revenues $241073
Net Profit / Cash Flow $57829
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASHOLD asking for œ44,950. Advent Business Sales have been instructed to offer for sale this free of tie public house/restaurant business. Established 6 years ago and in the hands of the current vendors since 2003 it is now reluctantly offered for sale due to ill health. The business is set across two floors with ground floor being a popular bar area with seating and standing room, pool table, TV projector and decor expected from a busy city centre bar.
The first floor consists of a 60 cover restaurant which has been recently decorated to a very high standard throughout and a further bar area. Both floors of the premises benefit from air conditioning and a fully stainless steel well equipped industrial kitchen including a tandoor. Although this is a leasehold business it is worth noting that this is a free of tie business.
BUSINESS PREMISES - Attractive spacious premises with the added security of an alarm system and consisting of the following: Ground Floor - Entrance leading to bar area with comfortable seating, standing room, TV projector, pool table and gaming machines. Stairs from bar to first floor. Doorway leading to w/c's and first floor. Doorway leading to industrial kitchen. First Floor - Office, bar area with standing room. 60 cover restaurant. External - Paved to road at front.
TENURE - Leasehold. Current Lease - 10 years. Lease Remaining - 4 Years. Review every - 4 years. Annual Rent - œ26,000.
We are advised that the annual business rates are currently: œ12,000.
Contact for more information on this Pub / Restaurant for sale.
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