Restaurant & Wine Bar in Somerset For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NORTH EAST SOMERSET

Turnover £ 4,000
Price £64,000

Features

Licenced Restaurant Cafe and Bar (live Music Licence)

6 DAYS OPENING

5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 965 ft² with wood strip floor, ceiling with spotlights. Tables and chairs providing seating for 40 persons. BAR. 2 taps, glass fronted upright double door drinks display fridge, freezer, blender, Orange squeezer, EPOS till. sound system with 6 speakers and 1 subwoofer, CCTV system with app for live viewing (5 high definition cameras), 3 platforms tablets (uber, deliveroo and just eat), heated food display, Commercial Glasswasher.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 6-burner gas cooker with oven, Electric Griddle, microwave, oven, grill, 2 stainless steel preparation table, Heated Double Cupboard, double sink and drainer, 3 fridges, 4 freezers, Commercial Dishwasher 540 plates/hour, Commercial Meat mincer 75kg/h, Commercial Strip Warmer.

Turnover

Turnover currently averages £3,500 - £5,000 p.w. with a gross profit of 65% approx. excluding platforms (uber, deliveroo and just eat)

Staff

The business is at present operated by the vendor with 2 kitchen staff plus the assistance of 1 part time staff.

Trading Hours

6 Day week
TUESDAY to SATURDAY 7:30 am - 4:00pm
SUNDAY 8:30 am - 5:00 pm

Outside

Beer garden with Toilet with w.c. and wash hand basin
6x4 m garage in the back

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 2012 with reviews every 3 years (next review December 2027) at a current rent of £20,184 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £64,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote