Restaurants for sale in Warwick

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Premium Restaurant in Historic Warwick *Tremendous Opportunity* *Viewing Recommended*

Warwick, Warwickshire, England

  • Leasehold Price: £120,000
  • Weekly Turnover: £2,500
Seller Reference: restwarwickKS1
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Business Description
 
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Seller Reference: restwarwickKS1
Request Details
Business Description
Enjoying all the considerable commercial advantages of its prime and much sought-after position among other numerous complementary outlets in an attractive and fashionable area of Warwick.

This very well-established concern has earned itself a priceless reputation with visitors and locals alike for its quality of food, ambience and friendly service in the course of many years highly successful trading. The business primarily offers a full and varied menu of Fish and Meat dishes, all prepared freshly to order in its open facility kitchen and served in the very pleasant surroundings of a tastefully furnished and appointed in-house dining area which may accommodate some 30 covers in style and comfort.

The Business has recently been refurbished. An establishment of this kind with a strong and established regular local customer base drawn from a wide surrounding catchment area, combined with all the volume of year-round passing trade generated by such a high-profile position, results in consistent levels of turnover and profitability.

The additional fact that a full and valuable inventory of all the modern, well-maintained catering and ancillary fixture and fittings necessary for the successful operating of the business is to be included in the sale price also helps to make this a truly comprehensive commercial package which ought not to be missed!!

The business is run at present by the owner who has maintained and developed an excellent reputation and high degree of goodwill over the years with the aid of an experienced and motivated team of full and part time assistants who would be an asset to any purchaser. This would present a marvellous opportunity for anyone with an appropriate catering or management background seeking an extremely well-located, superbly equipped and locally going concern operating in a popular and diverse service sector of consistent high demand.

The business is also one which occupies super 3-storey premises which would be eminently adaptable to any number of other potentially lucrative licensed dining and hospitality styles. It would naturally furnish any enthusiastic purchaser with ample scope for continued growth and increased profitability, not least with regard to a degree of menu expansion, operating significantly extended daytime hours in order to exploit local demand and to generally adopting a more vigorous marketing policy for its excellent existing facilities and services.

Note: Planning has been approved for 132 new dwellings to be built to the rear of the business, therefore increasing footfall and possible customer base.

We would therefore unreservedly recommend a viewing of a stunning commercial proposition of uncommon quality and real further development potential which only comes onto the market due to an impending Semi-Retirement and one which has consequently been very sensibly priced to ensure the earliest possible sale.

Current weekly takings up to £2500 for 3 evenings only with good profits and scope to increase.

Lease: The premises are being offered with the benefit of an existing 6-year lease.
Rent: £18000 per annum.
Business Rates: Zero per annum.
Trading only 3 evenings per week (Thurs-Sat 6.00pm-9.00pm) Appointments only!!

Viewing Arrangements: All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information

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Tenure:
Leasehold
Location Details:
Located in sough-after position in an attractive and fashionable area of Warwick.
Leasehold Term:
Existing lease of 6 years.
Listed by:
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