Bistros for sale in Penrith

View the "RESTAURANT IN EDGE OF LAKE DISTRICT TOWN" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 We were absolutely overwhelmed by the response to our sales advertisement for our Bath Coffee Shop. 

Mike Watts and Wendy Race (September 2016)
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Leasehold Price: £32,500 Price Reduced Annual Turnover: £187,794
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Business Description
• 72 cover Spanish tapas restaurant with unique ambience and charm
• Suit range of catering businesses and styles
• Located in excellent position in Penrith town centre near the Lake District
• Established High turnover business

Penrith is a market town located on the north east fringe of the Lake District with a population of around 16,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road and has a Station on the west coast main line linking London and Glasgow. Major retailers in the town include Burtons, Argos, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Wickes. The property is well situated fronting Queen Street just off Middlegate in the Town Centre.

The Business
Costas is a popular Spanish style restaurant/ tapas bar which attracts customers from a wide area. Having been established by the current proprietors in 1998 it offers an eating experience with a difference and a unique ambience and charm. It operates from 6.30pm until midnight Tuesday until Sunday and is run by the proprietors and several part time staff. It has a Full Premises Licence and a Public Performance Licence and has been awarded a five star food hygiene accreditation. We are advised that sales for the year ended 31st March 2015 were £187,794 net of VAT. Full accounts will be made available to bona fide applicants, normally after viewing. The business is only being sold due to the desire of the current proprietors to retire.

The restaurant is situated on the ground floor of a two storey Grade II listed building with low ceilings and beams providing its unique ambience, charm and character.
Tenure: Leasehold

Listed by: Mere Commercial
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