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Restaurant for sale

Church Street, South Normanton, Alfreton, DE55

£285,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

BEAUTIFUL RESTAURANT AND BAR
Situated in the village of South Normanton in Alfeton
Well presented 2 bedroom owners’ accommodation
Scope for longer trading hours & outside catering
Advised annual turnover of £200,587
Early interest highly recommended
Genuine reason for sale
Recently refurbished
Rare opportunity
FREEHOLD

Location

This superb restaurant and bar is situated in the village of South Normanton which has an excellent range of local amenities including schooling from infants to secondary, various shops including supermarkets, hairdressing salon and take-away outlets, various public houses and Doctors' surgery. The East Midlands Designer Retail Outlet is only a short drive away and there are sports fields available on the Broadmeadows development. South Normanton provides easy access to the M1 motorway from junction 28 and is within close proximity to Alfreton. Alfreton is a modern and growing town located in an ideal position for mainline trains to both the cities of Nottingham and Derby plus short distances via the A38 to Mansfield and the A61 to Clay Cross both of which have large shopping areas plus a range of restaurants and recreational facilities to suit all.

Business History

Meridian Business Sales are delighted to offer to the market this well presented restaurant and bar which was established as a public house many years ago and has been in the careful hands of our clients for the last 6½ years. Our clients are reluctantly offering the business to the market due to their desire to take a well earned break and travel the world. Since our clients took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in full walk-in condition. Our clients inform us that annual turnover currently runs at £200,587 with a gross profit margin of 66% which is derived from the sale of a selection of beers, wines and spirits in addition to a popular hot & cold food menu. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade with Christmas day 2012 already fully booked. Huge scope to expand into weddings and outside catering to the many industries in the area. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Financial Profile

Turnover: £200,587pa

Gross Profit: 66%

Stock approximately: £5,000

Tenure

We are advised freehold

Opening Hours

Monday: Closed
Tuesday: 6:00pm - 9:30pm
Wednesday: 6:00pm - 9:30pm
Thursday: 12:00pm - 2:00pm > 6:00pm - 9:30pm
Friday: 12:00pm - 2:00pm > 6:00pm - 9:30pm
Saturday: 6:00pm - 9:30pm
Sunday: 12:00pm 2:30pm

Bar remains open until 11:00pm
Accommodation

Detached character property built in 1849 as a school house, briefly comprising of:

GROUND FLOOR

Secure entrance porch leading to:

Bar with servery, tables and chairs for 16, open fireplace and seating/waiting area.

Restaurant with tables and chairs for 41 plus feature old brick pizza/bread oven in working order, ladies & gents toilet facilities

Sweet & vegetable preparation area with double fat fryer, 2x under counter fridges, upright fridge, domestic 4 ring gas hob/oven, freezer, double sink and extractor.
Main kitchen with 6x burner gas hob/oven, under counter fridge, extractor, work surfaces, fridges/freezers, storage racking plus stainless steel work areas.
Wash room with dishwasher, double sink and storage racks and storeroom. Access to cellar with beer drop, bottle storeroom and ice machine

FIRST FLOOR

Office
Lounge with open fire
Master bedroom with open fire
Fully fitted kitchen

Double bedroom

Bathroom

Separate toilet
EXTERNAL

Small beer yard with seating and smoking shelter

Brick built store room

Side car park for 8 vehicles

Large private garden

Brick built single garage


To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

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