Restaurants for sale in Scarborough

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Ian McGregor (Nov 2013)
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Freehold Price: £475,000 Price Reduced Weekly Turnover: £4,250
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Business Description
FULLY LICENSED RESTAURANT in Scarborough for Sale.

An excellent opportunity to acquire this excellent business situated in the heart of this thriving town centre – DENSELY POPULATED AREA OF SCARBOROUGH. This is a substantial freehold property offering spacious restaurant facilities plus two superb self-contained apartments. The present owners are retiring after 24 years here – two families run this business and have had a super living over the years. Taking £4,000 to £4,500 weekly - Showing Adjusted Net Profits of £40,419 prior to Depreciation, Amortisation & Director’s Remuneration on accounts for year ended 30th November 2015. The business is worked over 6 evenings and literally oozes potential for so much more with enthusiastic younger owners. This site could be very busy for morning coffee’s and lunches in this position. The premises comprise: reception leading to the cocktail / coffee lounge. The restaurant is split into two areas and has lots of ambiance and atmosphere, seating approximately 76 with ease. Superb open kitchen offering an abundance of hi tech commercial equipment with preparation areas, cooking and dishwashing areas and excellent extraction system. There are two self-contained apartments:- Apartment One comprises: First floor large lounge / formal dining room, one bedroom en-suite, well fitted kitchen. Second floor family bathroom, three bedrooms. Third floor two bedrooms, two store rooms. Apartment Two comprises: First floor utility room, toilet and wash hand basin, lounge / formal dining room, fitted kitchen. Second floor three bedrooms, family bathroom. Third floor one large bedroom, office, store room. This is a truly outstanding concern that must be seen to be appreciated. A SUPERB BUSINESS AND FREEHOLD PROPERTY WITH RESTAURANT AND TWO DELIGHTFUL APARTMENTS. HIGHLY RECOMMENDED.
EPC Band E.
Tenure: Freehold

Listed by: Ernest Wilson
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