Licensed Restaurant in Cumbria For Sale

Occupying a corner position, excellent main road trading position, residential and commercial area, Cumbria.

Turnover £ 10,000
Price £250,000

Features

Licenced Restaurant

5 STAR HYGIENE RATING
5 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 915 ft² laminated strip floor, hanging, spot & wall lights. Bar, cash register, Tables and chairs providing total seating for 68 People, CCTV system (8 cameras, 1 monitor).

Open plan kitchen area with stainless steel extractor unit, 3 Burner Wok cooker, 2 grills, noodle boiler, 2 x deep fryer (2 pan), dishwasher (commercial), 2 x fridge, plate warmer, sink

BASEMENT PREMISES in the region of 400 ft² with seating (35 approx).
Stock room / Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 65% approx. (NO PORTALS)

Staff

The business is at present operated by the lady vendor with 4 full time & 2 part time staff.

Trading Hours

5 Day week
FRIDAY - TUESDAY 5pm - 9pm

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £36,000 p.a. for the first 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote