Old Established Restaurant and Bar in Suffolk For Sale

Detached property, unopposed trading position, residential area, Suffolk.

Price £180,000 / £450,000

Features

Old Established Pub & Restaurant

5 STAR HYGIENE RATING
6 DAYS OPENING
Balcony's around with SEATING FOR 50 PEOPLE

Premises with laminated strip floor, ceiling with spot lights and hanging. Bar with seating for 8 People, 6 taps, drinks display fridges, glass washer. Tables and chairs providing seating for 40 People, CCTV system (15 cameras, 1 monitor).

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Open plan kitchen area with stainless steel extractor unit, Cooker (Gas 2-burner), deep fryer (2 pan), charcoal grill, microwave, fridges, freezers, preparation table, etc.

Stock room.

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

6 Day week (1am Licence)
TUESDAY - SUNDAY 12 noon - 12 Midnight

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Bathroom with bath, w.c. and wash hand basin.

Outside

Garden with lawn and Parking space for upto 20 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a LONG LEASEHOLD (council) until 2084 at a current rent of £1,600 p.a. no reviews

The vendor owns the Long Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £18,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £450,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

OR TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) £ 315,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote