Key Information:
• Turnover: £15,000+ per week (70% dine-in / 30% takeaway)
• Rent: £32,000 per annum
• Premium: £150,000
• Rates: £3,443 per annum
• Lease: New 15 years Full Repairing & Insuring lease
• Licences: A3, A5 & Alcohol Licence until 11:00 PM
• Premises Size: Approximately 2,400 sq. ft.
• Seating Capacity: 70 internal covers + forecourt seating up to 20 covers
Clients pay their own legal fees.
This fully staff-run Restaurant and Cocktail Lounge operates from a spacious 2,400 sq. ft. high street premises that underwent a complete refurbishment in May 2021. The renovation was extensive, including the installation of two brand-new, fully fitted kitchens, upgraded flooring, electrics, ceiling, seating, and décor, as well as a fully equipped bar.
The business generates a healthy weekly turnover of £15,000, with 70% of revenue coming from dine-in customers and 30% from takeaway orders with only late afternoon – 11pm opening hours.
Despite its strong performance, there is significant potential for growth under a more hands-on owner-operator, as the current vendor does not work directly in the business.
The premises are immaculately maintained and fitted with high-quality furnishings throughout.
Key features include:
• Internal Seating: 70 covers across a tastefully decorated dining area
• Forecourt Seating: Space for 20 alfresco dining covers
• Bar: Fully equipped bar area
• Display Kitchen: Open-plan kitchen with extractor canopy and full induction system, allowing guests to view food preparation
• Waiter Station: Includes a till system for efficient service
• Storage: Ample storage facilities throughout the premises
• Toilets: Separate male and female restrooms
Additionally, the rear of the premises features:
• Second Fully Fitted Kitchen: Equipped with a separate extractor canopy and full induction system
• Storage Area: Outdoor storage with secure gated access
• Parking: Dedicated parking space for the owner
Deposit: £8,000
Reference: CL0024