Restaurant for sale

DORSET

£249,950

Property Description

Full description

Tenure: Leasehold

Ref 7969 LEASEHOLD

RECENTLY REFURBISHED AND FANTASTICALLY LOCATED 'FREE OF TIE' RESTAURANT & CAFÉ FOR SALE WITH THREE SELF-CONTAINED FLATS SITUATED IN THE BUSTLING SEASIDE TOWN OF BOURNEMOUTH, DORSET


Superb prime corner position within this ever popular seaside resort, surrounded by shops
and businesses.
Lovely Restaurant (circa 60) offering wood and tiled flooring, bar servery and exposed brick
walls.
Intimate Dining Area (circa 16) with tiled flooring and wood panelling.
Excellent covered and heated Patio Terrace Area (circa 40).
Well equipped Commercial Catering Kitchen.
Three Self Contained Flats generating £20k per annum rental.
We are advised turnover for y/e 03/17 is circa £600,000 (inc VAT) on a trade split of 70%
food and 30% wet.
5 years remaining on a 'free of tie' renewable lease.


GREAT LOCATION AND OPPORTUNITY WITHIN BOURNEMOUTH

LOCATION
This recently refurbished 'free of tie' leasehold Restaurant & Café is situated on a prominent corner position on Old Christchurch Rd, Bournemouth.
Bournemouth is a very popular large seaside resort on the southern coast of England and within the county of Dorset.
It is best known for its 7 miles of wonderful beaches, Victorian architecture and buzzing nightlife.
The resort is also home to Bournemouth Pier, an activity centre that includes an obstacle course and zip line and an excellent range of shops.
The 2 mile long Bournemouth Gardens becomes a hive of activity in the summer with families having picnics and playing crazy golf.
The town is the largest in Dorset with a population of approximately 200,000, greatly swelled during the summer months.

THE PROPERTY
This free of tie Leasehold Restaurant & Cafe is of painted brick construction, under a pitched, tiled roof, occupying a prominent High Street position within Bournemouth, Dorset.

The Restaurant & Cafe (circa 60) has been recently refurbished and is offered in excellent condition. This lovely trading area includes a mix of tiled and solid wood flooring, bar servery area, exposed brick walls and views into the open kitchen.

The Dining Area (circa 16) is an intimate area to the rear of the property and offers tiled flooring and wood panelling. All trading areas are complimented with excellent fixtures and fittings.

Ladies and Gents W.C.'s.

There is an excellent Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a Walk In Fridge and Freezer. The kitchen is open plan and offers views into the restaurant area.

There is a Store Room and Lockable Bottle Store.

THREE OWNERS FLATS
Located above the business and offering their own access are Three Self-Contained Flats that are currently let out generating approx. £20,000 per annum in rental.
There are 2 x 2 Bedroom Flats and 1 x 1 Bedroom Flat all offering a Lounge, Kitchen and Bathroom.

EXTERNAL
To the front of the business is a superb heated and partly covered Patio Terrace Area ideal for alfresco dining and offering seating for 40 customers. This excellent trading area offers views over the park.

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:

7 days per week 10am - Midnight

Current opening hours are:

7 days per week - 10am - Midnight

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.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 5 years remaining of the Private 'Free of Tie' full repairing and insuring, renewable agreement. We are advised that the restaurant is free of tie for all products. We are informed that the rent is currently £40,000 per annum to be reviewed in 2019. 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 £13,000.

THE BUSINESS
Our vendors have operated this successful and established business under management for 30 years as part of the Alcatraz Group (we are currently marketing other Alcatraz businesses in the area). This property has a fantastic position and offers new operators a prime site within this lovely seaside town. The business is run as a Café and Italian Restaurant at present but would be available for many uses.

We are informed that the turnover for y/e 03/17 is circa £600,000 (inc VAT) per annum and has a trade split of 70% food and 30% wet.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

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)

Nearest stations

  • Bournemouth (0.6 mi)
  • Branksome (2.0 mi)
  • Pokesdown (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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

Nearest stations

  • Bournemouth (0.6 mi)
  • Branksome (2.0 mi)
  • Pokesdown (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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.

Disclaimer - Property reference 7969. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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