Situated in a parade, excellent main road trading position, WEST SUSSEX CHICHESTER
Turnover £ 9,000
Attractive & Spacious Licensed Restaurant & Wine Bar Recently Reduced To Only £75,000 Plus Stock At Valuation, For Early Sale
We understand the premises have a Full On Licence
SPACIOUS RESTAURANT with woodstrip floor plus rear section with quarry tiled floor. Wall & ceiling lighting. Tables and chairs providing seating for approximately 104 persons.
ADJOINING LARGE BAR AREA with quarry tiled floor. Tables and chairs for 30 persons plus ample standing area. LARGE BAR with 6 hand pumps, double door counter fridge, 2 single door counter fridges, 2 computerised tills, glasswasher.
Ladies' cloakroom with 2 w.c's and wash hand basin
Gentlemen's cloakroom with w.c. 2 urinals, wash hand basin
LARGE COMMERCIAL KITCHEN mostly newly fitted in October, 2013 including stainless steel extractor unit, 6-burner gas cooker, solid top oven, double deep fryer, charcoal grill, 1 double door stainless steel counter fridge, 1 3-door stainless steel counter fridge, 1 stainless steel single door counter fridge, 1 single door stainless steel deep freeze, double sink and drainer, dishwasher etc.
First floor storeroom with 5 fridges plus 1 chest deep freeze
WE ARE INFORMED the turnover averages in the region of £9,000 p.w. in our opinion offering further potential to increase in the right hands.
At present operated by 2 brothers, 1 of whom is a chef whilst the other is front of house. Kitchen area 1 sui chef employed ful time plus 3 part time kitchen staff. Restaurant area maximum of 4 part time waitresses/waiters at any one time. Bar area 3 part time staff.
Monday - Saturday inclusive - 12 noon - 2 p.m. & 4.45 p.m. - 10.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.
Situated on the first floor -
Private kitchen (would need fitting)
Room ideal for a bathroom
Second floor, which does require some redecoration comprises:
2 Double Bedrooms plus 1 single bedroom
Rear patio area with sunblind. Tables and chairs providing seating for 10/12 persons.
We understand the entire premises are held on 2 renewable leases from the same landlady both having approximately 3½ years unexpired at a combined rental currently of £42,000 p.a. exclusive of rates. (Please note we understand the landlady will require satisfactory references for the assignment of the lease and also a rent deposit of £42,000).
Uniform Business Rates: £11,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
TO INCLUDE THE SECURE TWO LEASES, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Subject to status, you can borrow up to
£ 37,500 (lease)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote