38 Cover Licensed Restaurant Lichfield

Price:

Leasehold - £29,500

Turnover:

Seller Ref:

10806

Location:

West Midlands , Lichfield

Business Type:

Food Service Businesses

See Other:

Fast food restaurants for sale in West Midlands
Indian restaurants for sale in West Midlands
Restaurants for sale in West Midlands
Food service businesses for sale in West Midlands

Description:

THE BUSINESS:

A fantastic opportunity to purchase an established licensed restaurant (now Indian) recently fitted and equipped to very high standard located in Lichfield town centre within many other restaurants bars and shops. Premise comprises porch entrance with ground floor restaurant area with seating for 38 with rear bar ladies & gents WC’s and to the first floor fully fitted and equipped kitchen and staff WC. The property is secured on a new 20 years lease with a break clause at 5 years and with a rent of £387 per week. (Reduced to £270 per week till July 2012) The business which opened December 2010 is currently operating from 5.30pm to 12.00am Sunday to Thursday and 5.30pm to 12.30am Friday & Saturday with sales averaging £1,500 per week and increasing.

Location Details:

The business is situated on a busy road in the centre of Lichfield within many other restaurants public houses and shops

Lease Terms:

Property secured on a 20 years lease from 2010 subject to 3 yearly rent reviews and with a break clause at year 5

Trading Hours:

5.30pm to 12.00am Sunday to Thursday and 5.30pm to 12.30am Friday & Saturday