Leasehold Restaurant
Location England
Asking Price Range < $250K
Gross Revenues $70200
Net Profit / Cash Flow $46332
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1996
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD asking for œ39,995. Advent Business Sales have been instructed to offer for sale this well established and popular restaurant. Established 12 years ago by the vendor, it is now reluctantly offered for sale due to illness. The business currently only opens part time due to these other commitments and is operated by a husband and wife team, opening only for pre-arranged bookings and parties. The restaurant is currently offered with a full alcohol license in place.
The main restaurant area currently carries approximately 30 covers with a bar also and offers excellent potential for growth. While currently a Caribbean restaurant, it would suit a multitude of other food types and restaurant takings would be vast increased merely by opening for walk in bookings. Of great interest to any prospective purchaser, it is worth noting that the business currently has a rent of only œ50.00 per week, which includes the self contained living accommodation above.
This has been sublet at a value of œ70.00 per week, this means the rental income from the living accommodation actually exceeds the cost of the overall rental lease and the business rates combined, enabling an unusually profitable restaurant business.
BUSINESS PREMISES - Ground Floor - Entrance door leading into small hallway with door leading to access to the first floor accommodation and door leading into restaurant area. Main restaurant area laid out with approximately 30 covers. Bar. Kitchen to rear. Ladies and gents w/c's with disabled access. Fully equipped spacious kitchen area including stainless steel 6 ring burner with extraction, fryer, 3 microwaves, assorted fridges and freezers. Doorway to rear of kitchen leading into service yard. First Floor - Kitchen area. Shower room. Separate w/c. Lounge. Second floor - Large attic double bedroom. External - Paved to road at front.
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