2,000 sq ft over two floors, Circa 90c ground floor + 20c function room 1st Floor
34 Ft frontage to the towns High Street with large wall of glassed windows
Well presented throughout with good professional kitchens
Large pay and display council car park to rear (50p) + 70 free spaces for vibrant market and within the towns centre
Short drive from M1/M42/M6, Birmingham Airport, NEC, East Midlands Airport and Donington Park Circuit
Entrance to the business is directly from the High Street or via a lobby from the rear car park. The internal aspects of the business include a ground floor restaurant with fitted bar (approx 90c) with a further area to the 1st floor with a meeting room/function room (24c). The large wall of front windows have views into the restaurant area stretching some 34ft providing light and ambiance. A further glass French Door provides alternative access to and from the rear parking areas. Part of the ceiling have skylights providing bright light to shine into the main body of the restaurant. The decor in minimal contemporary Italian. DISABLED washroom facilities are located to the Ground Floor with further Ladies & Gents facilities to the 1st floor and are fully tiled and fitted to a high standard. The CATERING KITCHEN & Facilites have been professionally designed and fitted.
The business is “lock up”.
The property has a “wall of glass” to the towns High Street and to its rear is large council run car parking at 50p per hour and is free after 5pm. The indoor market which runs weekly on Tuesday / Friday / Saturday has 40+ regular stands and has 70 free all day parking spaces and further free parking spaces within the town centre. The towns library and some council offices are opposite with the main council offices being a few yards further up the road. The clock tower and war memorial is also located nearby.
We are advised that the business has a Premises licence which allows the provision of alcohol from Sunday to Wednesday 10am till 12 midnight, Thursday 10am till 00.30am and Friday & Saturday 10am till 1.30am (does not open Sundays). A Personal License will be required and our training associates can assist with this for you.
We are instructed to offer the property and business for sale as an Assignment of an 18 year Landlord & Tennant protected lease commencing in 2007 and is completely free of all ties. Current rent is £24,000 p.a. on a four yearly review cycle leased from a local businessman.
We are advised that the business benefits from mains electric, water, sewage and gas. Business rates are advised at £4,000 payable.
Our clients have owned the business since 2007 and are showing sales of circa £316,000 inc vat on limited hours of opening (currently do not open on Sundays or during afternoon periods). The potential of this site is most obvious and should be of interest to a progressive modern licensed retail brand who wish to get a “foot in the door” within this up-and-coming busy market town.
WE ADVISE INTERESTED CLIENTS TO MAKE AN EARLY VIEWING OF THIS BUSINESS TO ASCERTAIN ITS IMPORTANCE AND POTENTIAL PROFITABILITY AS A MAJOR BRAND
Accounts information will be made available to interested parties after viewing.
Our finance associates will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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