FinanceYou can borrow
£ 62,500 (lease)
£ 192,500 (freehold)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Well Equipped Licensed Steak & Rib Restaurant for Sale
Enjoying a prominent position close to the sea front, EAST YORKSHIRE.
Features
ATTRACTIVE RESTAURANT with laminated strip floor, wall and ceiling lighting. Tables and chairs providing seating for 34 persons. Bar with 2 hand pumps, touch screen till with printers, glasswasher, 2 double door glass fronted counter fridges etc.
2 fully tiled cloakrooms each with w.c. and wash hand basin
LEVEL KITCHEN with non slip floor. The equipment includes 6-burner gas cooker, gas charcoal grill, 3 single deep fryers, 2 sliding double door glass fronted fridges, 1 additional fridge, 2 chest deep freezes, 1 upright deep freeze, large sink additional sink, wash hand basin, dishwasher, ice machine.
Turnover
We understand the vendor enjoys a healthy turnover, full details of which will be discussed on inspection.
Staff
The business is at present operated by the vendor with the assistance of 2 waitresses plus 2 kitchen staff and 1 kitchen porter plus additional part time staff when required.
Opening Hours
Summer Months & All School Holidays
12 noon - 11 p.m. seven days per week
The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
First Floor
Kitchen
Large Dining Room
Large Lounge
Utility Room
Master Double Bedroom
Bathroom with bath, shower over bath, w.c. and wash hand basin
Additional separate w.c.
In addition there is a storeroom on the first floor
Half Landing
1 Double Bedroom
Second Floor
Large Lounge
2 Single Bedrooms
In addition there is a large attic
Outside
Yard at rear.
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the Restaurant at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (The vendor is also prepared to grant a shorter lease if required).
Should the accommodation over be required this would be available as an optional extra at an additional rental of £600 per month.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee