Restaurants for sale in Northwich

View the "Popular Restaurant & Accommodation - Northwich" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Popular Restaurant & Accommodation - Northwich

Northwich, Cheshire, England

  • Leasehold Price: £100,000
  • Sale Agreed
  • Annual Turnover: £263,794
  • Annual Gross Profit: £36,954
Seller Reference: 6782
Request DetailsEmail email
Business Description
 
 
 
 
 
Image 1 of 5 video_library
Seller Reference: 6782
Request Details
Business Description
Prominent Main Road Trading Location
Accounts Available Year End 31st August 2018
Annual Turnover £263,954
Gross Profit £36,954
Accounts Available Upon Request
5 Star Food Hygiene Rating
Excellent Online Reviews
Renovated 2014
Beautifully Presented
Fully Equipped
Internal Seating For 90
External Seating For 40
Management Team In Place
Free Parking Directly Outside
Huge Scope For Evening Trade
EPC – C
REF 6782 –Leasehold Restaurant & Accommodation

Blacks Brokers are pleased to bring to the market this leasehold restaurant and accommodation located in a busy area of Northwich, Cheshire.

INTRODUCTION

The Lounge has been trading on Chester Road for five years. Our client took ownership of the previous business in 2014 and converted it from a book shop to this large restaurant. The restaurant is very well known and has an excellent reputation in the area, a large base of regular customers and superb reviews are noted on Google and Facebook.

LOCATION

The business occupies a prime location on the busy Chester Road and is less than 5 minutes from Delamere Forest. This is close to a large holiday park, two busy golf courses and an affluent residential area. Oakmere is well linked by the M6, M56 and A49 with good public transport links and free parking is available on site.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The lease is due for renewal and we are advised this will be fully negotiated upon sale of the business. The current lease runs at a cost of £481 per week.

STAFF

The business is currently operating with five members of staff in employment including a head chef and full time manager. Our client is not currently involved in the day to day management of the restaurant.

FINANCIAL DETAILS

The Lounge has traded well during the last five years. Accounts for year ending 31st August 2018 show annual turnover of £263,794 with gross profit of £36,954. Full financial details are available upon viewing. It is to be stressed that the business is currently being run at a pace to suit and there is scope and demand to extend opening hours to include evening opening.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road and is close to a large residential community as well as a popular holiday park. There is plenty of scope to develop the business further with the introduction of longer opening hours to include evenings. A new owner operator would significantly reduce staffing costs. This proposition would therefore ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Fully Fitted Bar

Kitchen Equipment

Tables

Chairs
Trading hours:
MON - SUN: 09:00 - 17:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The Lounge operates from the ground floor of a spacious, detached property with free on site parking, large outdoor seating area and well manicured lawn area. The business is well branded with large signage which is displayed above the main entrance and facing towards the road. Inside, the main dining area offers seating for up to ninety and is presented beautifully with wooden flooring throughout, mood lighting and a range of free standing tables and chairs as well as comfortable couches. Our clients have invested heavily in the renovation of the premises and all fixtures and fittings will be included with the exception of a coffee machine which is leased. There is a new bar, a fully equipped professional kitchen and all other required equipment. There are male, female and disabled toilet facilities as well as a private staff room. To the rear of the property is a large outdoor dining area offering seating for a further forty. All areas are finished to an impressive standard and a full inventory is available upon request.

On the first floor of the property is a one bedroom apartment which can be used as owner accommodation if required.

Location Details:
Northwich
Leasehold Term:
£481 Per Week
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder image
loder image