This concern has established a strong reputation with the local community and has become a popular destination for diners. With a loyal client base providing repeat custom the business also benefits from passing trade being sited in a commanding corner main road trading position, visible to passers-by and vehicles at a busy cross junction.
Rarely do you find a restaurant premises which provides immediate marketing exposure due to its prominent position.
The Restaurant is set across two floors, with ground floor kitchen facilities as well as a dining area (can potentially accommodate 30 seats) with takeaway facilities and disabled toilet facilities. To the first floor is a contemporary dining area providing up to 50 seats comfortably with access to the ladies and gents WC facilities.
This Restaurant is fully equipped with an impressive bar and a commercial kitchen, housing an excellent range of quality catering equipment and extraction system. There is additional storage space in the form of a container which is located to the rear of the premises that is mains connected for electric.
The highly profitable business operates mainly in the evenings and is currently taking on average £3000 weekly. The restaurant is mainly run by staff with the current owner single headedly overlooking the daily operation of this business as well as many of his other concerns.
Undoubtedly this business is missing out on the much lucrative day trade being located in such a prominent position. The restaurant does not serve alcohol and with the introduction of alcoholic beverages could potentially increase the revenue by 50% immediately. Despite this the current owners have maintained a highly profitable and sustainable business without any form of advertisement or addition to their traditional menu since opening.
This business would suit an ambitious and energetic person with new and innovative ideas to accommodate the ever changing palate. In the right hands this premises would suit a range of cuisines, including a much needed Italian or Chinese Restaurant.
With so much potential for growth this business is not to be missed and therefore early viewing is highly recommended.
The premises will be held on a secure lease with sensible rent.
The unit has planning consent for A3 uses.
The commercial premises measures approximately 1116.64 square feet with 835 square feet of retail area, 192 square feet of kitchen area plus storage, disabled toilets and ladies and gents WC facilities.
Nia commercial area: 1151.19 sq ft (106.94 sq m)
EPC rating commercial: To follow
(All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent)
Restaurant area 1 (Retail Area): 427. Sq ft (39.73 sq m)
Kitchen 1: 192.02 sq ft (17.84 sq m)
Disabled Toilets: 34.55 sq ft (3.21 sq m)
Main Restaurant 2 (Retail Area): 407.84 sq ft (37.89 sq m)
Gents toilet: 44.56 sq ft (4.14 sq m)
Ladies toilet: 44.56 sq ft (4.14 sq m)
Rental - £12000.00 per annum (inc VAT)
Business price - oiro of £39,995 .
Further enquiries should be made with the business rates team to confirm the rateable value and actual rates payable. Current rateable value is £8,600 (small business rates relief apply for properties with a rateable value less than £15,000).
You won't pay business rates on a property with a rateable value of £12,000 or less.
For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.
The premises are also available To Let by the way of a new effective full repairing and insuring lease for a term of years to be agreed incorporating three year rent reviews where applicable.
The prices and/or rentals quoted are exclusive of VAT (if applicable)
Prospective Tenant is to be responsible for their own legal costs as well as the Landlord's.
Viewing by arrangement with the sole agents:- Maya Property Services
There are a number car parks within close proximity of the premises and on street parking is available to the front.
We have been advised that all mains services are connected.
We endeavour to make our sales and lettings particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.