Bistros for sale in Penrith

View the "BISTRO RESTAURANT IN CUMBRIA" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £32,500
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Business Description
• Fully licensed 32 cover bistro in historic north Cumbria market town
• A la carte homemade menu using local produce
• Outside seating area to the front
• Excellent established trade with limited competition

OVERVIEW
Charming restaurant in the small town offering an a la carte homemade menu using local produce. It has established an excellent reputation in the town and surrounding area and attracts customers who return time and again. The business was acquired by the current proprietor in 2016 and is only being offered for sale due to a change in personal circumstances. Current opening hours are evenings, 5pm until 11pm with weekly takings between £1,000 and £1,500. It has growth potential by expanding the opening hours and benefits from a full premises license.

LOCATION
The restaurant lies in a lovely historic market town situated in north Cumbria, bypassed by the A69, about 7 miles east of Junction 43 of the M6 motorway and 8 miles east of Carlisle. The town has a range of local shops and businesses, a railway station, secondary school and a number of historic buildings.

DESCRIPTION
The restaurant is situated on the ground floor part of a larger two storey property.

ACCOMMODATION
Dining Area (7.75m x 6.63m) with tables and chairs for 32 covers and Bar Servery and Preparation Servery;
Catering Kitchen (2.43m x 2.42m) with non-slip floor; extractor, stainless steel sink and worktops, fully equipped per an inventory including four plate electric hob;
Customer/Staff Toilet;
Outside Seating Area for 12.

All references to areas and dimensions are deemed to be approximate.

SERVICES
We are advised that mains water, electricity and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

TENURE
The property is held on a 5 year lease from the 1st July 2013 at a rent of £7,800 per annum. The landlord has indicated that a new lease would be offered to the purchaser of the business.

Note that these are the main extracts from the lease as a guide only and a purchaser/ tenant must satisfy himself of all provisions by inspecting a copy of the lease.

‘The 2007 Code for Leasing Business Premises strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. A copy of the Code is available from the agents.‘

COSTS
The purchaser/ ingoing tenant will be expected to pay the landlord’s and reasonable legal costs in connection with the lease.

Each party will bear it’s own costs in connection with the transfer of the business.

RATES
Description in list: Shop & Premises
Rateable Value: £5,200

The property qualifies for 100% small business rates relief.

FIXTURES & FITTINGS
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.
Tenure: Leasehold

Leasehold Term: NEW LEASE

Listed by: Mere Commercial

Find out more about this business opportunity.

 
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MA1145
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