Restaurants for sale in Lincoln

View the "Well Established Restaurant With Huge Potential" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £99,950 Turnover: £117,668 Gross Profit: £106,572
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Business Description
Business
Hilton Smythe welcomes to the market Churchills Coffee Bar & Restaurant.

The business has been operated by the current vendors for over 6 years in which time it has built up an enviable reputation for quality and service within the beautiful Cathedral City of Lincoln. Due to family commitments this rare and exciting opportunity has now become available.

The current vendor has undertaken major refurbishment works to the property creating a third floor and expanding the trading area to accommodate 80 covers across the first two floors with a dumb waiter mechanism having been installed to service all the trading areas.

The business serves a range of traditional breakfast staples throughout the day, tea & coffee along with jacket potatoes, paninis and a range of chef’s specials, plus a children’s menu.

The site is fully licensed and offers an excellent opportunity for either an established operator looking to take on an additional site within this growing and sought-after location or an individual looking for a fresh challenge, with the opportunity to put their own spin on an established business and take it to the next level by extending the opening hours and tweaking the food offering.

The site lends itself well to different concepts and should be an attractive proposition for a new operator looking for a fresh opportunity, due to the refurbishment works being undertaken within the last few years, the site remains fresh with the new in-going operator having little refurbishment and equipment costs as the business is being sold with all the equipment included for it to function in its current format.

An excellent opportunity to obtain an established business with huge potential within this sought-after

Location
Situated on the High Street in the centre of the Cathedral City of Lincoln.

The site is easily accessible off the A46 outer ring road then along the A57 which takes you into the City Centre.

There is ample free short stay parking along Carholme Road as well as plenty of pay and display parking facilities within the City itself.

The site is easily accessible on foot with plenty of public transport in and out of Lincoln.

Premises
Three story premises located on the High Street in Lincoln City.

Ground floor trading area with main service counter Coffee machine fridges, shelving, illuminated menu, tables and chairs.

First floor

• Tables and chairs
• Toilet Facilities

Third-floor

• Main kitchen with dumb waiter mechanism
• Cookers
• Grills
• Microwave ovens
• Stainless extractor system
• Deep freeze units
• 6 x Foster refrigeration units and additional fridges
• Staff room
• Office
• Catering standard equipment

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £31,500 per annum with over 9 years remaining on a 10-year lease.

Hours
The opening hours are currently 8.00 am to 5.00 pm Monday to Saturday and 9.00 am to 5.00 pm on Sunday.

Staff
The business is run and managed by the current vendor with the assistance of 10 x full time and 2 x part time on mixed hours.

Financial Profile
We are advised the business is currently turning over in the region of £117,668 per annum trading limited hours.

The business rates are currently £12,500 per annum

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04504
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