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This Business has been SOLD

Business Details

Restaurant In Lancashire

Undisclosed, Lancashire, England

Advert Ref: 2001

Business Description

Preferred Commercial is pleased to offer for sale this busy restaurant, which has been established for over 20 years and operated by our client since 2006. The business is only now offered for sale due to our client's wish to relocate. The restaurant currently serves European cuisine and is open for breakfast, lunch and evening meals. Our client has established an enviable reputation for service and quality and the restaurant is often fully reserved at weekends. The premises have recently had a new commercial kitchen installed and the dining area has been fully refurbished to a high standard. We feel there is potential to further increase the turnover by introducing a wider range of international cuisines and by offering a local delivery service. The new owner could enhance the business by establishing a web site containing sample menus and information regarding location and contact details. This is an ideal opportunity to acquire a popular and already profitable restaurant, which has scope to further increase turnover. Early negotiations with Preferred Commercial must come highly recommended.

Business Status

Sold

Property

Leasehold

Lease Terms

Leasehold Original length: 21 years Remaining: 17 years Review: every 3 years Rent: £13,000 pa Car park rent: £5,000 pa

Location

This popular restaurant is located in a prominent and highly sought-after area within a thriving township in Lancashire. The premises are situated on a busy parade of complementary shops and business and the area is surrounded by affluent and desirable residential areas. The business enjoys free car parking to the rear of the premises, with the local bus route within easy walking distance. There is good access to the A road system, with M6 motorway just under 2 miles away. The towns of Bolton, Wigan and Ormskirk are all within easy reach.

Premises Details

Ground floor, lock-up restaurant in main road position with air-conditioning, CCTV and free car parking. Briefly comprising: Ground Floor • Main entrance with disabled access • Open plan restaurant with tables and chairs for 58 covers, contemporary décor, copper bar servery, sales counter, Elektra coffee machine, electronic cash register and credit card terminal • WC • Commercial kitchen with panini grill, Bain Marie, 8-burner gas range, stainless steel extraction unit, steam oven, central preparation aisle, commercial refrigerator, commercial freezer, double commercial sink unit, hand wash basin and rear exit door. External • 2 x single storey self-contained buildings used for dry goods storage with a number of refrigerators, freezers, shelving and racking • Prominent glazed frontage • Rear car park

Trading Hours

Mon - Sat: 8.00 am to 11.00pm Sun: 9.00am to 11.00pm

Request Further Details

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Request Further Details Form

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Tel: 08448 711 484
Fax: 08448 711 485
Email: enquiries@preferredcommercial.co.uk

Arrange a Viewing

Required fields are marked with required

Arrange a Viewing Form

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Tel: 08448 711 484
Fax: 08448 711 485
Email: enquiries@preferredcommercial.co.uk

Financial Details

Leasehold Price: £225,000

Revenue: £520,000 Annum

Net Profit: Undisclosed

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  • Confidential Sale
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