A fantastic opportunity to purchase a very well-known trading business in a lovely location.
Situated in St Helens, a lovely village to the East of the Island with easy access to the larger village of Bembridge and the towns of Ryde and Sandown. St Helens offers a convenience store, post office and doctors surgery with a large village green hosting various events throughout the spring and summer months.
Offered for sale is Dans Kitchen, a very well known licensed business sat in the heart of the village overlooking St Helens, Green.
The business is a trading fine dining restaurant and offers a great business model with a good trading history. The business is available to purchase with the benefit of an assignment of the current lease of 35 years from March 2009. The property offers approximately 40 covers, a bar area, customer WCs and a well equipped commercial kitchen. A full inventory can be provided upon request. The extra benefit of the property is that it is located on Lower Green Road, an area that has unrestricted on road parking. To the front of the property there is the ability to have a further 6 covers overlooking The Green. To the rear of the property is a store with dry store, further freezer and staff area. The Business Currently opening redcued hours to suit the vendors needs (Tues - Sat), new owners could open for longer to take advantage of the unrestricted hours of trading. Accounts can be shown once a viewing has been undertaken and a non disclosure agreement has been signed.
Our client is asking for Offers in the Region of £75,000 for the business, fixtures, fittings, goodwill plus stock at valuation. The business will benefit from an assignment of the current lease with an annual rent of £17,000.
The VOA shows the rateable value as £6,300, rates payable approximately £3,020 per annum without any applicable rates relief.
Balance of 35 year lease from March 2009.
Rent £17000 per annum