Licensed Leasehold business for sale £99,500.
Potential Gin Bar, Cocktails, Coffee venue or a Real Ale Tap House.
• Established for 30+ years.
• Alcohol licence to 12am midnight.
• Annual Turnover of £280,000 evenings only.
• Ideal premises for a Coffee venue, Gin Bar, Cocktails or a Real Ale Tap House.
• Scope to open during lunchtimes and afternoons.
• Only opens over lunchtime on a Saturday from 12pm to 1.45pm.
• Daily Opening Hours from 5.30pm to 9pm over 7 nights.
• 40 Covers inside.
• 1 bedroom owners’ accommodation.
• Contemporary European menu.
• Last owner for 17 years.
• New lease to be assigned - rent of £1500 per month.
• No business rates payable.
Aspire is delighted to offer for sale this fantastic licensed bistro restaurant, ideally located on a main arterial road leading into Kendal, Cumbria. The premises sit on the edge of the town centre, in a very prominent corner position, attracting much passing trade and benefitting from high footfall. The business is surrounded by a wide range of complimentary shops and independent businesses in a popular and thriving part of Kendal. There is ample car parking in the vicinity, easy access to public transport, with a bus stop a few paces away and is situated adjacent to one of the busiest Premier Inn Hotels in the UK. Kendal is a historic market town and exceptionally busy with both locals and visitors all year round being the gateway to the Lake District National Park. Kendal is situated in on the banks of the River Kent and has been voted one of the most desirable places to live in the UK. This area of the South Lakes is easily accessible to the M6 motorway and within commuting distance of both Lancaster and Preston.
The bistro has been in the careful hands of the current owners for over 17 years and over that period of time, they have continued to enhance and improve the business. The owners have developed an enviable reputation within the Kendal and this is reflected on internet-based review sites. The business serves a range of French-inspired Mediterranean food and has an extensive list of hand-picked wines. The business currently opens during the evenings and Saturday lunchtimes only, generating an annual turnover of £280,000pa. The real potential for the buyer of this business is to increase the opening hours and develop possibly coffee, gin, cocktails or real ale offerings.
The business trades from a superb 3-storey, stone-built, corner-sited property, with full height windows to both sides and an unusual corner entrance door.
Internally the attractive and contemporary open-plan service area has a feature mural wall, exposed stone walls and exposed beams. There are tables and chairs for up to 40 covers and the corner bar servery accommodates a coffee machine, coffee grinder, hand sink, fridge, glass rack, fridge freezer, electronic cash register, card terminal, touch screen epos with tablets and kitchen printer.
To the rear of the restaurant there is a fully fitted stainless steel commercial kitchen, including stainless steel worktops, splash-backs, shelving and 2 x air extraction units. The wide range of equipment includes a hot cupboard, 6-burner gas range and ovens, double fryer, dessert oven, various fridge / freezers, commercial dishwasher, double commercial sink and hand sink.
The kitchen is finished with tiled flooring and wipe down walls, and there is a rear exit door.
An internal staircase leads up the first floor, where there is a dry goods store, which is shelved and racked and houses various fridges and freezers and an office space. Also to this floor is an additional store room, ladies and gents WC’s, a utility room housing a washing machine and tumble dryer, and access to the private owners’ accommodation.
Within the owners’ accommodation there is a double bedroom to this first floor, and a further internal staircase leading up to the second floor. On the second floor there is a lounge with feature fireplace, a feature corner window and exposed stone walls; a bathroom with walk-in shower, WC and hand wash basin; a further bathroom with a bath and hand wash basin; and an additional double bedroom.
We have been advised that, historically in period of adverse weather conditions, the premises have never been flooded in any part and remain unaffected.
There is a website in place, which could be easily improved to showcase the premises and fully present the dishes and wine available. This could also offer an on-line table booking system. The introduction of social media would also increase the exposure of the business.
This is a unique opportunity to acquire highly regarded licensed business with accommodation, situated in a prime trading location offering significant potential to increase turnover further. Early discussions with Aspire, in confidence, must come highly recommended.
Aspire Ref. 2005 Telephone 01257 440544 www.aspirebusinesses.co.uk
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Is accommodation included?:
New lease to be assigned.
Monthly rent of £1500pm including accommodation