Restaurant & Bar in South Yorkshire For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SOUTH YORKSHIRE

Price £95,000

Features

Well Fitted Bar & Restaurant - Closed June 2023 Due To Staffing Issues

TOTAL SEATING 60 PERSONS


COVERED FORECOURT WITH SEATING FOR 12
REAR COVERED FORECOURT WITH SEATING FOR 18

BIO-FOLD PREMISES in the region of 800 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with spotlights plus hanging lights. Gas fired central heating. BAR. EPOS till. Tables and chairs providing seating for 30 persons. CCTV system (8 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, 6-burner gas cooker, microwave, oven, grill, deep freeze, preparation table, double sink and drainer, sink, dough mixer.

Walk-in coldroom

Toilet with w.c. and wash hand basin

Outside toilet with w.c. and wash hand basin

Cellar in the region of 160 ft² used for storage

Turnover

WE ARE INFORMED by the owner the turnover when trading averaged £4,000 p.w. with a gross profit of 65% approx. (NO DELIVERIES)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2013 with reviews every 3 years (next review 2025) at a current rent of £11,040 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote