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Reference R7998

High Class Restaurant with Wedding licence in Polegate For Sale

High Class Restaurant with Wedding licence in Polegate For Sale
Buy a High Class Restaurant with Wedding licence in Polegate For Sale Sell a High Class Restaurant with Wedding licence in Polegate For Sale

Register to see map and to make an appointment Main road trading position, sought after residential area, EAST SUSSEX. POLEGATE

Turnover 6,000
Price 1,000,000

Features

Most Attractive Freehold Detached High Class Licensed Restaurant Wedding Licence Recently Granted

Outstanding opportunity to acquire a most superior quality LICENSED RESTAURANT standing in own grounds of in excess 1 acre. In the present hands for the past 7 years and operated as quality French cuisine.

Tarmaced car park for 25 cars plus front garden area

Attractive olde worlde property, part 16th Century with later extensions, wealth of oak beams. Full oil fired central heating.

Entrance to attractive Lounge/Reception area with quality tables, chairs and settees providing seating for 24 persons. Bar.

Adjoining spacious Restaurant, all recently refurbished to a high standard, beamed ceiling. Quality tables and chairs providing seating for 50 persons. In addition adjoining the reception area is an additional Restaurant area, fully carpeted and with quality tables and chairs providing seating for 25 persons.

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin plus additional half tiled customer's cloakroom with w.c. and wash hand basin.

Large level commercial kitchen, fully equipped including 12-burner gas cooker with ovens, commercial microwave oven, 1 walk-in coldroom, 1 stainless steel fridge, 3-door stainless steel counter fridge, 1 chest deep freeze, 1 upright deep freeze, stainless steel work tables, 3 single sinks with drainers etc.

Stairs to large basement area providing 4 wine storerooms, walk-in deep freeze.

In addition there is a staff section/accommodation providing 1 double bedroom with en suite shower/wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand the vendors have recently been granted a Wedding Licence. In our opinion, this attractive property is ideal for wedding receptions, especially with the large garden at rear being ideal for the erection of marquees.

Staff

The Restaurant is at present operated by a husband and wife team with the assistance of 1 full time chef, 1 full time waitress plus additional part time staff when required.

Trading Hours

Sunday - Lunches only - 12 noon - 2.30 p.m. (last orders)
CLOSED ALL DAY MONDAY
Tuesday - Saturday inclusive - 12 noon - 2.30 p.m. (last orders) & 7 p.m. - 10 p.m. (last orders)
We are further advised that the Restaurant is open on Bank Holidays. We understand the business also closes for 2 weeks in early January each year.

Accommodation

The spacious living accommodation with FULL OIL FIRED CENTRAL HEATING comprises:

4 Double Bedrooms, including 1 master double bedroom with dressing room area plus en suite bathroom with bath, w.c. and wash hand basin
2 Additional Bathrooms each with bath, w.c. and wash hand basin
Large Lounge
Large fully fitted kitchen

In addition there is an office plus children's playroom, both of which could readily be used as additional bedrooms, if desired.

First floor balcony area at rear

Outside

Large garden with lawns standing in own grounds in excess of 1 acre, all landscaped.
2 Garages

Tenure

Uniform Business Rates: 7,300 p.a. approx. + water rates.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS FREEHOLD PROPERTY, COMBINED WITH QUALITY LICENSED RESTAURANT IN THIS SOUGHT AFTER EAST SUSSEX LOCALITY.

Price

TO INCLUDE THE SUBSTANTIAL FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS 1,000,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 700,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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