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Reference R9662

Most Attractive Restaurant in Hertfordshire For Sale

Most Attractive Restaurant in Hertfordshire For Sale
Most Attractive Restaurant in Hertfordshire For Sale Buy a Most Attractive Restaurant in Hertfordshire For Sale Sell a Most Attractive Restaurant in Hertfordshire For Sale Most Attractive Restaurant in Hertfordshire For Sale for Sale Most Attractive Restaurant in Hertfordshire For Sale for Sale Most Attractive Restaurant in Hertfordshire For Sale for Sale Most Attractive Restaurant in Hertfordshire For Sale for Sale

Register to see map and to make an appointment Situated in the heart of the bustling market town HERTFORDSHIRE overlooking the market square.

Price 85,000

Features

Most Attractive Olde Worlde Licensed Restaurant (recently Closed)

ATTRACTIVE 16TH CENTURY RESTAURANT with a wealth of oak beams.

Outstanding opportunity to acquire a fully equipped restaurant with separate bar at present serving Latin and Caribbean cuisine including Mexican, Brazillian, Argentine, Peruvian

The FIRST FLOOR RESTAURANT is situated in this beautiful 16th Century Elizabethan building with many original features including wealth of oak beams. The restaurant has been established for approximately 18 years by the current owners.

ATTRACTIVE RESTAURANT with tables & chairs providing seating for 42 persons comprising 12 tables set on split levels.

Stairs to SECOND FLOOR BAR AREA. The bar has recently been renovated & has tables & chairs providing seating for 14 persons. We understand the bar area is frequently utilized for parties & can hold approximately 40 persons comfortably. The bar is used at weekends for customers' waiting tables in the restaurant & over the Christmas period is utilized extensively for parties.

Ladies cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with urinal, w.c. & wash hand basin

FIRST FLOOR KITCHEN with new Amtico tiled floor & well equipped including stainless steel extractor, stainless steel cladding to walls, 6-burner gas cooker with oven, double deep fryer, 2 domestic plus 1 commercial microwave oven, gas grill, double door fridge, 1 single door upright deep freezer, ice machine, 1 double door stainless steel counter fridge, double sink & drainer.

Wash-up area is separate & also used for drink & dessert preparation for the restaurant.

Storeroom

Turnover

WHEN TRADING the turnover averages 4,000/5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. The restaurant is currently set up with JustEat with their console fully installed and operating.

Trading Hours

WHEN TRADING
CLOSED ALL DAY MONDAY
Tuesday - Thursday inclusive - 6 p.m. - 9.30 p.m. (last orders)
Friday & Saturday - 6 p.m. - 10 p.m. (last orders)
Sunday opening - 4 p.m. - 8 p.m. (last orders)

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in September, 2028 at a rental of 12,000 p.a. exclusive of rates with rent reviews every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS 85,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (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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