 | Restaurant With Accommodation For Sale Chichester, West Sussex, United Kingdom Advert ref: 1099RA FINANCIAL DETAILS | Asking price: £85,000 Sales revenue: £115,415 Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | This well established restaurant has built up an excellent reputation for its cuisine and service. Popular with theatre goers and hosts many local Chamber of Commerce events. Entry is from the main street leading into a dining area with 38 covers. At the rear is a large kitchen with full range of appliances. Beyond that is a door to outside covered area and private garden. Stairs down to cellar used for storage. Stairs near front entrance lead to first floor lounge & bar area with a kitchenette at the rear. The second floor has 3 bedrooms, lounge, bathroom/toilet & utility room/office. VERY COMPETITIVE PRICE.
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GENERAL INFORMATION | Years established: Current owners have run the business for 7 years although there has been a restaurant at the premises for many years.
Employees: Run by owners & 6 part-time staff.
Trading hours: Tues.-Sat. Lunch 12-13.45. Dinner 18.30-21.30.
Property: Leasehold
Lease terms
8 years remaining on 20 year lease. Current rent, rates & water are £25,000 per year. Next rent review is 2009.
Living accomodation
On second floor there are 3 bedrooms, lounge, bathroom/toilet, utility room/office.
Location
Located in a busy area, close to the city centre with car parks nearby.
Expansion potential
Considerable scope to increase sales through extending existing opening hours & utllising internal space to extend capacity.
Reasons for selling
Change of life style.
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The Business Partnership - Portsmouth, SE Hants & SW Sussex | | | |
