Renowned Seafood Restaurant in Herefordshire For Sale

Situated in a parade, sought after residential area, HERTFORDSHIRE

Turnover £ 18,000
Price £650,000

Features

Renowned Seafood Restaurant and Fish & Chip Takeaway

Service road in front of parade providing customers parking (Pay & Display daytime).

4 STAR HYGIENE RATING

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,150 ft², CCTV (8 cameras), Laminate flooring, suspended ceiling with spot lights.

TAKEAWAY SECTION - Sales counter, touch screen cash register, 3 pan fish range, chip dump, undercounter fridge, under counter freezer, charcoal burner, soft drinks fridge, free standing salad bar, was hand basin.

Customer WAITING AREA.

RESTAURANT SECTION.

Tables and chairs seating 42 people.

BAR - Cash register, under counter fridges, wash hand basin, coffee machine (2 group), grinder, knock out drawer.

LADIES cloakroom with disabled access, toilet and wash hand basin.

GENTLEMEN'S cloak room with toilet and wash hands.

SEPERATE KITCHEN - Stainless steel extractor, charcoal grill, 2 gas grills, cooker (4 burner), double basket deep fryer, microwave, fish fridge, salad bar, under counter fridge, double sink and drainer, stainless steel preparation table, etc.

PREPARATION ROOM - Potato peeler, chipper, fish fridge, stainless steel preparation tables, double sink and drainer.

Walkin fridge, walkin freezer.

Large STOCKROOM

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a Gross profit of 55% approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 4 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above comprising:

Fitted Kitchen / Diner.

Large double bedroom.
2 standard double bedrooms.
Bathroom with bath (shower over), wash hand basin and toilet.,

We are advised the acommodation is presently let on a room by room basis providing a rental income of £2000 per month

Outside

Parking for 3 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £45,000 p.a., off setting the rental incom received for the flat (£24,000 p.a.) the NET RENT PAYABLE IS £21,000 p.a.

Business Rates from April 2025 £8,930 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEIN IN THE SAME HANDS SINCE 2001 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S RETIREMENT.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £650,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 325,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote