LICENCED 52 SEATER RESTAURANT
Price:
Leasehold - £59,500
Business Type:
Food Service Businesses
Our clients have been in the business for nearly 10 years and during that time the business has been operated by a husband and wife team, their daughter and two part-time staff, an excellent trade has been established.
The business operates as a licensed restaurant opening 6 days a week (closed on Sunday) opening hours are Monday - Saturday 10am until 2.30pm and Tuesday - Saturday in the evening 7pm until late evening.
The business offers a range of lunches, snacks, coffee's, soft drinks, wines and locally sourced food as well as a good a la carte menu in the evening with seafood being the speciality.
In a sought after location ...The business is now available due to our client's decision to take early retirement. Selling Agent Tony Foster of Webbers Tel 01271 347888
A copy of the accounts is available to seriously interested parties who have inspected the premises and show a turn over for the year ending 5th April 2009 £119,266. For the previous year 2008 turn over amounted to £127,148 and for 2007 £118,175.
This is an excellent business with further scope to develop. Average lunchtime spend for a two course meal is around £7.80 to £10.00 and the evening spend per customer around £25.00 to £30.00.
The business has an excellent reputation locally and attracts customers from the local community and will see an uplift during the summer months with the tourists.
The Cross Tree Shopping Centre is located close to the Village centre in Braunton in the main Northern route out of the Village to Caen Street and the busy shopping thoroughfare with a range of retail shops and hairdressers.
This particular unit comprises of units 2 and 10 having a triple frontage onto the centre of the shopping precinct and also onto the main road. Directly off the main road is a vehicular lay-by and can be used by those customers wishing to drop off for easier access into the restaurant. In addition, near by, there are car parks at the Vivian Moon Community Centre and the Caen Street Car Park.
The village of Braunton itself is situated on the A361 between Barnstaple and Ilfracombe on the cross roads of the main coastal route to the fine sandy beaches of Saunton and Croyde. The village is reputed to be the largest village in England and there are a large number of individually owned shops making this an interesting and popular shopping village. Near by is Bra
The premises are offered on the basis of a 10 year lease from the 1st April 2007 until the 31st March 2017. The current rent payable is £10,560 per annum and the rent review is every 5 years. An incoming purchaser will need to provide the Landlord the usual Bank and Trade References for landlord's approval.
UK Non-Specific
£ 800,000
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