Restaurant for saleDERBYSHIRE
Sold STC £75,000
REF: 7796 LEASEHOLD
POPULAR VIBRANT AND STYLISH 'FREE OF TIE' 60 COVER RESTAURANT LOCATED IN THE AFFLUENT DERBYSHIRE PEAK DISTRICT CONSERVATION TOWN OF WHALEY BRIDGE
Prime location close to the train station (Buxton to Manchester line) in the affluent High Peak town of Whaley Bridge only 7 miles from Buxton & within easy reach of Macclesfield, Manchester & Sheffield.
Ground Floor Restaurant (34 covers) with modern furnishings, air conditioning, oak flooring & small Snug Area for private dining.
Upper Restaurant (26 covers) with modern furnishings, air conditioning, solid oak floor & open ceiling with exposed wooden ceiling beams & joists.
Spacious fully equipped Commercial Catering Kitchen with 5 Star EHO rating & walk in chiller.
Advised turnover circa £241,255 (incl. VAT) to January 2016.
Trade 65% Food Sales : 35% Wet Sales.
Totally Private and 'Free of Tie' rolling lease with a highly attractive rent of only 6.5% of Net turnover.
A FANTASTIC OPPORTUNITY TO ACQUIRE A PREMIUM ESTABLISHED BUSINESS IN AN AFFLUENT HIGH PEAK TOWN LOCATION.
This business is located in the heart of the highly affluent Derbyshire high peak conservation town of Whaley Bridge also known as the gateway to the Goyt Valley. Whaley Bridge has a large selection of shops, schools, amenities and residential dwellings and the Peak District attracts circa 1.5 million visitors, tourists, walkers and ramblers to the area all year round. The Peak District is a world of contrasting natural beauty, and at its heart it is loved by millions for its breath taking views, relaxation, inspiration and adventure. Other local points of interest include the famous Spa town of Buxton (7 miles) with its Opera House, the town of Macclesfield (9 miles) and the cities of Manchester (16 miles) and Sheffield (28 miles). The nearby A6 and A5004 are set amongst a series of other 'A'roads making the whole of the National Peak Park easily accessible.
This fully refurbished Restaurant is of stone construction, sitting under a pitched, slate roof. The property is in prime location close to the train station and sits on the main road that runs through the town leading from Buxton to Manchester.
The trading areas of the property are immaculate throughout and furnished in a stylish, modern and contemporary style to an exceptionally high standard.
An entrance to the front of the property provides access to all the trading areas. These consist of:
Ground Floor Restaurant (circa 34 covers) is a stylish, vibrant and attractive area with a warm and welcoming atmosphere. Loose cloth covered tables and chairs sit on an attractive sold oak floor and can be laid out as required to suit the occasion. There is a small snug area to one end leading off that is able to be used as a private dining area with a small bar server of wood construction to the other. This area is fully air conditioned.
Upper Restaurant (circa 26 covers) is located on the 1st floor and reached by a small wooden staircase. Loose cloth covered tables and chairs sit on a solid oak floor beneath an open ceiling with highly attractive exposed wooden beams and joists complimented by hanging chandeliers. The most sought after seats in the house are located adjacent to the Roman blind covered front windows that overlook the town. This area is also fully air conditioned and is serviced by a dumb waiter that leads directly from the commercial kitchen.
Ladies and Gents W.C.'s.
There is a below ground floor fully equipped Commercial Catering Kitchen with 5* EHO rating and stainless steel appliances and surfaces (appliances not tested). A wash up area and dry goods/fridge/freezer storage area with 4'x8' walk in chiller lead off from the main kitchen. There is also a chef's office, staff WC and further storage areas available.
There is no owner's accommodation and this business is a lock up.
TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon- Sat 10am to midnight
Sunday 12noon to 11.30pm
Current opening hours are:
Tues - Thurs 5pm to 10.30pm
Fri / Sat 5pm to 11.30pm
Sunday 5pm to 9.30pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a lease assignment with approximately 4 years remaining on the current 5-year continuous rolling term of the 'totally private' full repairing and insuring renewable agreement. We are advised that the inn is totally 'Free of Tie'. We are informed that the highly attractive rent is currently £13,000 per annum (only 6.5% of net turnover) to be reviewed in 2021. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being circa £1,362 per annum to include all relevant and appropriate reliefs.
The current owner purchased the business in April 2012 and has since totally refurbished and transformed this property establishing a solid trading foundation with a loyal and desirable clientele. The business is currently operated by the owner himself assisted by 4 full and 4 part-time/casual staff. Due to having just started a young family and the desire to re-locate our vendor client is reluctantly selling the business on. The business currently trades as a traditional Indian restaurant however in our opinion this would suit any style of offer to include English, Chinese, Italian or even French for example. This business is becoming ever more popular and has been recognised with excellent reviews and a certificate of Excellence on Trip Advisor and provides a fantastic opportunity for a new energetic food driven operator(s). We are advised that annual turnover to 31st January 2016 was circa £241,255 (incl. vat) with a trade split of 65% Food and 35% Wet sales. We calculate reconstituted net profits after adding back directors, depreciation and one off costs to be in excess of £48,000. New owners could continue to run the business using the same formula or explore the obvious potential of extending the food service hours whilst introducing a new style offer and fresh ideas from their business plan.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.
Viewing appointments must be made by contacting Guy Simmonds.
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.
Energy Performance Certificates (EPCs)
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