Restaurant and Bar in Cardiff For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, CARDIFF, South Wales

Turnover £ 5,500
Price £100,000

Features

Old Established Licenced Restaurant & Bar

6 DAYS OPENING
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,500 ft² WITH Bi-FOLD doors, stone flooring, ceiling with spot and hanging lighting, Air conditioning with hot air, Bar, 2 Taps, EPOS till, Coffee Machine, 4 drinks display fridges. Tables and chairs providing seating for 80 People, CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Oven, Gas 6-burner Cooker, 2 x hot plate, grill, 2 x deep fryer (2 pan), 4 x fridge, 3 x freezer, dishwasher, glass washer, 4 x microwave, 4 x stainless steel preparation table.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 65% approx. (£1,000 via deliveries)

Staff

The business is at present operated by the vendor with 2 full time & 3 part time staff.

Trading Hours

6 Day week
TUESDAY - THURDAY 12 noon - 10pm
FRIDAY & SATURDAY 12 noon - Midnight
SUNDAY 12 noon - 10pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2020 at a current rent of £15,000 p.a.

Business Rates from April 2024 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote