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Restaurant/cafe for sale

£54,999

17 Upgate, Louth LN11

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Property description

Business
Hilton Smythe introduces to the market Istanbul Barbeque Restaurant. This distinctive vibrant restaurant offers a uniquely different themed menu to either dine in or take away.

Immaculately presented throughout the Istanbul Barbeque Restaurant has recently been extended and undergone a complete refurbishment programme costing circa £70,000. The restaurant now offers a cheerful and relaxed dining experience with seating for 48 covers all served from the spotless commercial fully fitted kitchen.

The restaurant is very well supported by the local community and visitors alike with many clients regularly returning, and has established a fantastic reputation since being originally founded by our client some eleven years ago. We feel that with an injection of marketing and advertising, in particular introducing a website and having a presence on social media sites would further promote awareness of the business in particular to the tourist market to generate additional income.

Although currently a themed restaurant, the menu also includes international cuisine. The versatility of the premises lends to the option of offering alternative cuisine if so desired and extended trading hours to take advantage of lunchtime trade would certainly pay dividends.

Additionally, the business boasts excellent owner’s accommodation above the business, ideal for a husband and wife team or small family.

Naturally, early viewing of this charming business in the much sought after location is highly recommended.

Location
The business is located in the affluent market town of Louth in Lincolnshire with a residential population circa £15,500.

Istanbul Barbeque Restaurants occupies a prominent position on Upgate, one of the main retail streets in the town centre, surrounded by complementary businesses and in close proximity to the historical St James Church.

The town’s skyline is dominated by St James Church, this spire of which is 90 metres tall, reputedly the tallest in the United Kingdom. Known as the capital of the Lincolnshire wolds, Louth is steeped in history, it is situated where the ancient trackway Barton Street crosses the River Lud. The town boasts its own museum housing the panoramic gallery and the popular Hubbard Hills public park is close to the business. The town is noted for its wide selection of independent retailers and is home to the renowned Cheese Shop which has gained nationwide recognition and one of the reasons the town attracts so many visitors.
Premises
This character grade II listed property briefly comprises:-

Service area with a meat fridge for kebabs, (serve over style), coffee machine, icemaker, upright drinks fridge, hand wash, wine racks and till and card terminal.

The service kitchen area contains ample granite work tops, double door pizza oven, 2 door cabinet fridge, stainless steel preparation table, dough mixer, hand wash, extraction system and salad toppings fridge.

The main kitchen is full fitted with charcoal stainless steel barbeque, flat grill, floor standing double fryer, 4 burner with 2 flat grill, double oven, extraction system, double bowl sink, dishwasher, 10 pot salad fridge, 2 microwaves and meat mincer.

To the rear area is a chest freezer, 2 upright fridges, upright freezer, salad topping fridge, stainless steel preparation table, stainless steel plate warmer and fly zap.

The freezer room hosts a 2 door wine fridge, 2 chest freezers and shelving.

Two steps up to the ladies, gentlemen’s and disabled toilet facilities with stair lift for convenience.

The owner’s accommodation is spread over two floors above the business and briefly comprises; fully fitted kitchen with breakfast bar, lounge, large bathroom with shower over bath and two bedrooms.

Externally to the rear is a delightful rear yard with seating and potted plants with private parking for 1 vehicle.
Tenure
We are advised leasehold.

The original lease length is 15 years with 12 years remaining and reviewed every 3 years.

Rent is 875 per month.
Hours
The business opens:-

Sunday closed

Monday to Saturday 5.30pm – midnight.

As previously mentioned there is the potential to extend opening hours.
Staff
The business is run and managed by our client with the help of two part time and one full time member of staff.
Financial profile
The business reports a turnover of £145,000 with reported gross profit at £94,250.


What Zoopla users think of Louth

Overall rating:

  • currently 4 stars
Very good - 82% (42 ratings)

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Nearby transport

  • Cleethorpes (13.6 miles)
  • Market Rasen (13.7 miles)
  • Grimsby Town (14.1 miles)
  • Humberside Airport (20.2 miles)
  • Robin Hood Airport (41.8 miles)
  • East Midlands Airport (66.2 miles)
  • Hull Ferry Terminal (28.3 miles)
  • West Lynn Ferry Landing (45.3 miles)
  • King's Lynn Ferry Landing (45.4 miles)

Nearby schools

View all schools in East Lindsey
  • Louth Kidgate Primary Academy (0.2 miles)
  • Greenwich House School (0.4 miles)
  • St Michael's Church of England School, Louth (0.4 miles)
  • Sevenhills Academy (13.0 miles)
  • Grimsby Institute of Further and Higher Education (13.4 miles)
  • Franklin College (13.7 miles)
  • King Edward VI Grammar School (0.2 miles)
  • Monks' Dyke Tennyson College (0.5 miles)
  • Cordeaux Academy (0.5 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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