 | Licensed 15th Century Restaurant in Great Locaton For Sale Alton, Hampshire, United Kingdom Advert ref: 1822NP FINANCIAL DETAILS | Asking price: £135,000 Sales revenue: £180,000 Net profit: < £100k Fixtures value: £70,000 Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this charming and well presented restaurant in an historic 15th Century building. The restaurant currently offers traditional English fare and utilises much local produce. There are a total of 62 indoor covers and 36 outside for full dining. The atmosphere is enhanced by the low beamed ceilings and open fires. The restaurant recently underwent a full re-fit of both the kitchens and public areas and is therefore offered in an excellent condition. As well as a restaurant the past has seen the building used as a pub (from the 15th century as well as periods of the 21st century!) and during the 80's and 90's was also run as a very successful Italian restaurant. This is an ideal opportunity for a quality restaurateur or for a quality brand looking to expand. The business is close to the town centre of this high wealth town set in beautiful countryside. This is a must see proposition which we highly recommend.
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GENERAL INFORMATION | Employees: 3 f-t and some p-t as required.
Property: Leasehold
Lease terms
There are 13 years left on a 15 year ease with rent at £30k p.a. and rates of £730 p.m.. We are advised that the landlord may be willing to sell the freehold in the next 2 years and may provide an option for the new leasee.
Location
Located 2 mins walk from the town centre of Alton, a charming and up-market mid-hants location; very close to the popular tourist destinations; Jane Austen's House, The Watercress Line railway, and Gilbert White's house.
The restaurant benefits from being next to a pay & display car park
Reasons for selling
The business is for sale due to immediately pressing family commitments.
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The Business Partnership - South West London | | | |
