Long Trading Cafe Bar Restaurant In Galway Town For Sale

Business description

Gort Town centre. Fully fitted thriving Cafe Bar/ Restaurant.

Leasehold interest for sale. This business has been trading for a number of years and is in a prime location with enough space to seat 70. This restaurant almost covers 3000 sq ft. Fitted out with state of the art equipment and furnishings, the business is a turn key going concern offering great growth and profit. It trades as a cafe bar and pizzeria and has enormous potential to expand night dining. Current turnover is very healthy with hugh potential. Rent is at €40,000 per annum with 17 years remaining. Next rent review 2010. Key money is very reasonable.

A deposit and stage payments are acceptable

Property information

Real Estate:

Lease

Lease terms:

21 years lease with 17 remaining. Next review August 2010

Leasehold rent:

€40,000 per annum

Location:

Located in the main shopping street in town.

Premises details:

Restaurant occupies the well known former landmark hotel 'Glynn's Hotel' and has an old style charm. The restaurant has great main street frontage and extensive side street frontage also.

Size in square feet:

3000 sq ft approx

Other information

Expansion potential:

The restaurant has huge night potential which has never been developed and has lots of room for food retail opportunities also.

Planning consent:

Full planning permission granted with no restrictions on opening hours

Competition / Market:

This is the second largest restaurant in town

Support & training:

Price includes all fixtures,fittings, furniture, crockery, tills, refigeraion and a fully fitted kitchen. All that has to be purchased is food stock.

Reasons for selling:

Owners retiring

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

A deposit of €30,000 with the balance paid in equal instalments over five years