Freehold 50 Cover Restaurant with Accommodation and Development Potential
Price:
Freehold - £615,000
Business Type:
Commercial Property, Food Service Businesses
HISTORY
• Business established by vendor’s father in 1979
• Very much a family business taken over by vendor in 1999
• Loyal and stable staff over many years
• Ongoing programme of investment to maintain delightful historic ambience
• Refurbishment 2006
• Very highly regarded locally with excellent reputation as a contemporary bistro
• Full planning permission for a substantial 4 bedroom dwelling to the rear of the restaurant
REASON FOR SALE
• Ill health
PRODUCTS
• Extensive table d’hote and a la carte menu choices offered
• Cuisine incorporates English, European and Asian elements
• Well stocked wine cellar
• Fully licensed bar
• Sales of work from prestigious local artists providing tasteful and changing decor
• Jewellery sales from display cabinet within the bar
CUSTOMERS
• Predominantly affluent middle income
• Spans all age ranges, and includes families
SUPPLIERS
• Ingredients sourced locally where possible
• Range of trade wholesalers
STRENGTHS
• Restaurant on site for 30 years with excellent reputation within the County
• Loyal and stable staff
• Affluent customer base
• No immediate investment required beyond the consideration price
• Ample car parking
• Superb rural lifestyle within easy striking distance of London
• Rare freehold opportunity
• Owners’ accommodation above the restaurant with possible use for manager/chef
SCOPE
• Opening hours restricted at present with scope for lunchtime opening along with Sunday and Monday evenings
• Currently operated at a pace to suit lifestyle of vendor
• Opportunities to vary the menu choices and introduce alternative styles
• Development of 4 bedroom dwelling for owner or for rental (build out cost £400, 000+)
• Website development and marketing activity limited at present
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• Prominently sited historic restaurant close to town centre of a delightful Cambridgeshire market town
• Busy road with substantial traffic flow; highly visible
• Close to Peterborough railway station with easy links to London and the North
• Evenings only Tuesday to Saturday
• A quintessential English property, grade II listed, comprising restaurant and owners’ accommodation
• Large car park to rear, with full planning permission for substantial 4 bedroom dwelling (plans drawn)
• Entrance lobby
• WC
• Delightful bar with inglenook fireplace, wooden beams and period features
• 50 cover restaurant, on two levels, decorated in sympathetic contemporary style; period features including fireplace
• Fully equipped spacious commercial kitchen
• Staff WC
• Spirit store
• Store
• Very spacious owners’ accommodation above with 2 bedrooms, large lounge, private kitchen and bathroom
• Alarmed
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|