Restaurant for sale

Preston Road, Chorley, Lancashire, PR6

£650,000

Property Description

Full description

EXCEPTIONAL RESTAURANT, TEA ROOMS & HOTEL - LANCASHIRE
Land with planning permission extension for 3 bedroom house with basement
Advised annual turnover of 175,000 with potential for 400,000
1 bedroom owners' accommodation at the back
genuine reason for sale due to retirement
Well appointed & presented throughout
Scope for massive development
Ideal partnership opportunity
6 en-suite letting rooms
Leasehold Available
FREEHOLD


Location
This superb restaurant is located in the residential village of Whittle-Le-Woods just outside the market town of Chorley. The business is located on a main through road close to all major amenities, leisure facilities, public transport and residential properties which generates a high amount of passing trade. The business is situated on and around the main A6 road, Whittle-Le-Woods is easily accessed via the M61 motorway which links all of the major motorway networks via the M6. The railway station serves the village and is part of the Chorley to Bolton line served by Northern rail. Liverpool and Manchester are both around a thirty minute journey and a lot of commuters travel to and from the nearby areas due to the simplicity of the transport links.

Business History
Meridian Business Sales are delighted to offer for sale this popular restaurant, tea rooms and hotel which has been established for 30 years and has been in the careful hands of our clients since 02/02/2003 for the last 14 years.
Our clients are reluctantly offering the business to the market due to a desire to take a well-deserved retirement

Since our clients have owned the business they have continually developed and improved the business, introducing new lines and income streams which has enhanced the restaurant massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at 175,000 opening only 5 days a week and not utilising the rooms or lunch which is derived from offering an extensive hot & cold food menu serving a range of French/English dishes in their 120 cover restaurant, Recently changed it to an Indian Brasserie but not really utilised the mass potential of it due to health as there is a good demand for an upmarket Indian restaurant in whittle le woods and Hugh market for takeaway delivered.
They also offered have a quaint tearoom serving full English breakfasts, sandwiches and ice creams to name just a few. Our client also host a range of themed nights and functions such as birthdays, weddings and christenings,

Also have 6 guest lettings rooms which are presented to a high standard. The business is owner operated and has 1 full time and 6 part time member of staff. Early viewing is highly recommended as this business cannot be missed.

We feel this place has the potential to get 100,000 a year in net profit
If the following was done to increase the business from 175,000 to 400,000 plus.
By simply opening longer hours
-5pm till 11pm instead 6pm till 9pm
-Do takeaway delivered instead of pick up only
-Open for lunch 12 pm - 3pm
-Sell all 6 room on Booking.com
-Do bigger wedding by opening the function room
-Turn back garden/front lawn into al fresco dinning
-Have an advertising blitz in newspapers/ magazines, on social media and leaflets drops
-I assure you if this is done achieving a 1000 a day average with 6 rooms, Bar, Lunch. Dinner, Takeaway, wedding, and functions is all possible with right team behind..



Financial Profile
Turnover: 175,000pa
Gross Profit: 65%

Tenure
We are advised freehold

Opening Hours
Monday - Saturday: 7:00am - 3:00am
Sunday: 9:00am - 11:00pm

Accommodation
Well presented detached character property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan restaurant
Fitted bar servery
Ample dining tables and chairs for approximately 60-120 covers
Dance floor
Fitted bar servery

Recently opened Bruffles ice cream parlour and tea room with dining cover for approximately 30 covers and fitted bar

Male & female toilets facilities
Fully fitted kitchen extended with standard hotel appliances

LOWER GROUND FLOOR/BASEMENT
Owners' Accommodation
Single bedroom
Lounge
Gym

FIRST FLOOR
Letting rooms
6x double bedrooms with en-suites

EXTERNAL
Beer garden with 40-50 covers
Raised decked terrace
Garden area with a perfect view for wedding photos
Large car park

Land with planning permission in place for a 3 bedroom detached property with mezanine
Basement for a 12 seated cinema
Bar
Gym
Double garage

Nearest stations

  • Buckshaw Parkway Station (1.1 mi)
  • Euxton Balshaw Lane (1.7 mi)
  • Chorley (1.9 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Buckshaw Parkway Station (1.1 mi)
  • Euxton Balshaw Lane (1.7 mi)
  • Chorley (1.9 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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