Nationwide brings to the market this MOST ATTRACTIVE FREEHOLD OLDE WORLDE LICENSED RESTAURANT. Main road trading position, GLOUCESTERSHIRE, situated on the edge of the Cotswolds.
We understand part of the property is approximately 500 years old whilst an additional part is approximately 300 years old.
Grade II Listed Building
Full Gas Fired Central Heating
The Restaurant operates 6 evenings per week mainly English cuisine, in our opinion offering tremendous potential for further development in the right hands.
PAY & DISPLAY CAR PARK TO THE REAR OF THE RESTAURANT & A LARGE CAR PARK OPPOSITE (PAY & DISPLAY - FREE EVENINGS)
ATTRACTIVE RESTAURANT with beamed ceiling, quality woodstrip floor, wall lighting. 2 air conditioning/heating units. Tables & chairs providing seating for 26 persons (can be increased to accommodate 30 persons, if desired). Brick fireplace with gas coal effect fire.
Servery area with slimline Coca Cola fridge (on loan), double sliding door counter fridge, computerised cash register.
Staircase to first floor FUNCTION ROOM with beamed ceiling, bamboo effect wooden floor. Tables & chairs providing seating for 14/16 persons (the function room is not used very often at present).
GROUND FLOOR LEVEL KITCHEN with quarry tiled floor, stainless steel cladding to walls, stainless steel extractor system, 1 6-burner gas cooker with griddle & double oven, gas Lincat double deep fryer, 3-door stainless steel counter fridge with refrigerated salad bar, under-counter stainless steel counter fridge, stainless steel double door plate warmer, hotwater boilder, dishwasher, double sink & drainerTurnover :
£1,800/£2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sale year ending 31st March, 2015 showed £100,834 with a gross profit of £63,925 i.e. 63.4%.
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £413,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £400,000 (R7075)
Is accommodation included?:
The accommodation with a WEALTH OF OAK BEAMS, comprises:
Tiled bathroom with bath, w.c. & wash hand basin
Lounge with beams
Large Double Bedroom (no exposed beams) plus large single bedroom with beams
Additional Double Bedroom with beams (it will be appreciated upon inspection that should the function room not be required, this could readily be used as additional private accommodation.Small yard area.
Storeshed with upright double door stainless steel fridge, chest deep freezer, Hobart mixer plus upright fridge.
Second store with racking & used as a dry goods store