Award Winning Fine Dining Restaurant in Hertfordshire For Sale

Occupying a corner position, excellent trading position, residential and commercial area, historic market town, Hertfordshire.

Turnover £ 17,500
Price £165,000

Features

Renowned, Award Winning Fine Dining Restaurant


Outside seating, in the region of 750 ft², to the front terrace for 50 people.

4 STAR HYGIENE RATING

Art Decco styled exterior and interior detailing.

AA Rosette Award

ELEGANT DOUBLE FRONTED PREMISES, PREMISES in the region of 3,000 ft², Karndean flooring (wood effect), suspended ceiling with spot lights.

Customer waiting area.

Tables and chairs seating 150 people.

Bar - Touch screen cash register, under counter fridges, glass washer, wash hand basin, storage, ice machine, freezer, mirror backed shelving, etc.

Ladies cloakroom with toilet and wash hand basin.

Gentleman's cloakroom with toilet and wash hand basin.

Disabled cloakroom with toilet and wash hand basin

Kitchen - Vinyl flooring, tube lighting. Stainless steel extractor, Rationale oven, 8 burner hob, oven, microwave, hot plate, plate warmer, mincer, salad fridge, ice cream freezer, chest freezer, 6 under counter fridges, stainless steel preparation tables, single sink and drainer, dish washer, etc.

Walkin cold room

Staff changing room.

Staff cloakroom with toilet and sink.

Store cupboard.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £17,500 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with staff assistance. In the kitchen 6 chefs and part time staff as required, front of house team with 2 full time and 4 part time staff.

We are informed the wage bill averages £5,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 11 p.m.
FRIDAY AND SATURDAY 12 noon - 12 midnight

Licensed to 1 a.m.

Outside

Dedicated parking for 2 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £85,000 p.a. plus VAT

Business Rates from April 2025 £2,121 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS WAS ESTABLISHED IN 2004, AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote