Popular 69 Cover European Restaurant
Price:
Leasehold - £65,000
Business Type:
Food Service Businesses
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and popular modern European restaurant with excellent future potential.
Founded in 1998 and owned by the present vendors for 5 years, the restaurant is only now being reluctantly offered for sale to enable them to pursue another unrelated business venture.
The restaurant has an excellent reputation for serving high quality a la carte food in a relaxed convivial atmosphere.
The premises, which were totally refurbished only 3 years ago, has 55 covers in the main restaurant with a further 14 on the first floor which are used as an overflow area or for those wishing to book a personal or private party.
The restaurant has a policy of only using fresh ingredients in all the meals, which contributes in having a high repeat and referral trade from their many loyal customers.
The restaurant is fully equipped for purpose and includes:
• 2 x 6 ring gas burners each with ovens under and stainless steel extraction over
• Combi fan assisted oven
• Large hot plate
• 2 commercial microwaves
• Salamander gas grill
• Glass washer
• Dishwasher
• Soup blender
• Mixer
• 2 single deep fat fryers
• Bench fridge
• 3 chest freezers
• 6 upright fridges and 2 freezers
• 7 stainless steel work tops
• Fly extractor
The restaurant has 5 full time staff including the vendors and 5 part time who each work approximately 6 hours a week. They average circa £5,000 per week sales.
We are advised that stock at cost is approximately £5,000.
REF: 9561WR
EXPANSION POTENTIAL
This is already clearly a successful business, it does however, still offer excellent scope to increase both sales and profits by:
1. Opening on Saturday’s all day instead of just the evening
2. Opening all day on Sunday’s
3. Convert the flat roof at the rear into an outside seating area
4. Offer takeaways and a home delivery service
5. Advertise more, especially leaflet drops
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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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.
The restaurant has an excellent location surrounded by a mix of both commercial and residential properties and with popular local attractions virtually on the doorstep, they include the town’s theatre, race course, cricket ground and the river.
Next door to the premises is a reasonably large pay and display car park.
TENURE: Leasehold
Original lease: 20 years
Remaining lease: 15 years
Review every: 5 years
Rent: £22,500
We are advised that the annual business rates are currently: £1,850
Mon-Fri: 12 – 2pm &
6pm – 10.30pm
Sat: 6pm – 10.30pm
Sun: closed
Spacious premises arranged over 2 floors which were totally refurbished only 3 years ago. They briefly comprise:
Ground Floor
• Side entry door into the lobby area with 2 female and 1 male w/c
• Under stairs drinks store
• Stairs off to the first floor
• Entry to main restaurant
• 55 covers over a quarry tiled floor, beamed ceiling, side bar with under counter chiller
• Rear counter with coffee machine, till and storage units
• Back kitchen with side prep area and stores, non slip floor
• Rear exit with outside store cupboard
First Floor
• Separate private dining area for 14 covers
• 5 comfy sofas and attractive chandelier
• Staff room and stores with a range of wall and base units, sink with side drainer, washing machine
• Staff w/c
• office
External
• Parking for 2 vehicles off street
North Yorkshire
£ 750,000
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