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7091LE LEICESTERSHIRE L/H£3000 EMPTY LEASE FOR SALE
Asking Price:
GBP 30000
Contact Seller Now
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Business Location:
United Kingdom » Leicestershire » LEICESTERSHIRE
Category:
Real Estate
»
For Sell
Description:
Advent Business Sales have been
instructed to offer for sale this Empty
premise as leasehold.
The business was trading as a public
house for over 100 years and as a
restaurant for 17 years previously –
earning itself an enviable reputation for
quality, service and ambience.
The owner is very reluctant to sell but
his time is becoming limited due to
another business venture.
The premises is currently empty, and
due to a fire, it has been fully
refurbished, ready for the new owner to
simply move in.
The restaurant has a capacity of 70
covers. The landlord who also owns the
business has planning permission to
extend the property with an additional
40 covers. The cost is estimated at
£25,000. The landlord is prepared to
Negotiate a proposal if the new owner
of the business required the facility.
The business is free of all ties and has a
full pub license until 1am, 7 days a week.
This is a genuine opportunity for
someone who wished to open a
restaurant be it English, Chinese, Thai
or Indian, with no ties in an affluent
area with good family accommodation
and real scope to extend capacity with
good family living accommodation.
Early viewing is highly recommended in
order to avoid disappointment.
We have been advised by the owner
that this would be an ideal premise
suitable for a crèche or day nursery,
subject to Planning permission.
FINANCIAL INFORMATION
We have been advised by the vendor of
the 2005 Accounts:
Dry Sales: £192,614 ex vat
Gross Profit: 62%
Wet Sales approx TBC
The vendor has informed us that he is
producing a GP of £180,000 per annum
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
This substantial detached property is
presented immaculately and offers
character and charm. Tastefully
decorated with beautiful furnishings
and is set in a picturesque setting.
Briefly comprising of:
Ground Floor
? Bar
? Lounge
? Dining area with 70 covers capacity
? Ladies and Gents w/c
? Fully equipped commercial catering
kitchen
First Floor
? Full Kitchen
? Bathroom
? 3 bedrooms
? Lounge
Good family accommodation
External
? Private secure car parking for 45
plus vehicles
VIEWING
Please DO NOT approach the business
or its employees without a prior
appointment.
All appointments are to be made via our
office.
TENURE: Leasehold
Current Lease: 21 years
Lease Remaining: 18 years
Review every: 5 years
Annual Rent: £40,000
We are advised that the annual business
rates are currently: £5,500
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Financial Information:
Annual gross sales: (GBP)
192614
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
Year Established:
1991
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Reasons for selling:
The owner is very reluctant to sell but his time is becoming limited due to another business venture.
Contact Seller Now
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