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Restaurant and Wine Bar in Chichester for sale

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Restaurant and Wine Bar in Chichester for sale

Restaurant and Wine Bar in Chichester for sale Buy a Restaurant and Wine Bar in Chichester Sell a Restaurant and Wine Bar in Chichester

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, WEST SUSSEX CHICHESTER

Turnover 9,000
Price 75,000

Features
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
Turnover
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.
Staff
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.
Trading Hours
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.
Accommodation
Situated on the first floor -

Large Office
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
Outside
Rear patio area with sunblind. Tables and chairs providing seating for 10/12 persons.
Tenure
We understand the entire premises are held on 2 renewable leases from the same landlady both having approximately 3 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
Price
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

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