Attractive well fitted WINE BAR/LICENSED RESTAURANT
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WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 68% approx. (We understand the split of turnover is approx. 65% wet sales with the balance of 35% in respect of catering).
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £275,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
No parking problems
Outstanding opportunity to acquire a spacious well equipped Catering Premises total area approx. 1,750 sq. ft. in this excellent trading position. Mediterranean, English and Italian cuisine. We understand the Millennium Mill situated nearby is due to be developed with up to 3,000 additional homes an, Aquarium plus shopping centre.
We understand the premises have a Full On and Off Licence for the sale of wines, beers and spirits.
Spacious front area providing space for tables and chairs for 70/80 persons.
Electric shutters to
SPACIOUS WINE BAR/LICENSED RESTAURANT with multi windows. Tables and chairs providing seating for 70 persons (can be increased). Ceiling with inset spotlighting. Large high bar with stainless steel top, 5 high chairs, fully equipped including 2 group coffee machine, coffee grinder, large ice maker, 2 sinks, soft drinks dispenser (on loan), 5 hand pumps for draft beers, 3 double door glass fronted drinks display fridges, glass display shelving, glasswasher, computerised till. CCTV system with 4 cameras, monitor plus recording system. Burglar Alarm + Fire Alarm.
2 disabled cloakrooms each with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. urinal and wash hand basin
Level kitchen with ceramic tiled floor, 3-door stainless steel counter fridge, 2-door plus 1 drawer stainless steel counter fridge, 2 commercial microwave ovens, 2-deck pizza oven, 6-burner gas cooker with double oven, superior stainless steel extractor system, double gas deep fryer, gas open charcoal grill, dishwasher, upright small deep freeze, double sink and drainer, additional deep freeze, salamander, 4-pot bain marie.
Beer Cellar with coolingl system (on loan)
Storeroom with 2 chest deep freezes
Staff
The business is at present operated under management. Staff employed 1 manageress, 2 chefs, 1 kitchen porter with 3 additional staff employed in the bar/restaurant section. Wages paid £1,400 p.w.
It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Opening
Hours
4 month period i.e. June - September - Monday -
Thursday inclusive - 1 p.m. - 12 midnight
Friday & Saturday - 1 p.m. - 2 a.m.
Sunday - 1 p.m. - 12 midnight
We understand the premises are held on a secure renewable lease for a period of 25 years from October, 2001 at a rental of £20,000 p.a. exclusive of rates up to October, 2008, increasing at that time to £22,000 p.a. exclusive of rates up to October, 2010, increasing at that time to £25,000 p.a. exclusive of rates for the following 2 years, with rent review at that time and thereafter every 5 years. In addition, we understand there is a service charge currently of approx. £1,600 p.a.
