DEAL CHASERS BUSINESS BROKERS OFFERS FOR SALE:
Successful Business For Sale by Way of Lease Assignment 1 Million Euro turnover 2022. Offers Over 550,000 Euro to include all Fixtures/Fittings (Long Renewable Lease) We at Dealchasers are very excited to bring this wonderful Gem to the Market, just metres from the Seafront, the business with a very smart and inviting appearance enjoys great footfall both from visitors and many returning local customers. This well-established and impeccably finished business enjoys super street presence from its strategic location with hordes of passing trade. A high-end 80-seater spacious restaurant that has stood the test of time operating successfully for over 15 years. This wonderful eatery also boasts an additional 24/28 alfresco seats on the sun-drenched terrace . With tasteful tones running throughout the premises of over 140m2 currently operates a Mediterranean style menu with natural gas and 3 phase electricity to hand. However, this unit could easily adapt to many different types of cuisine. The fully licensed and food compliant restaurant serves from lunch to late evening with many reservations on their books. Lease Terms Sale by way of Lease Assignment 15 Years of 30 Year Lease (Renewable) Rent 85,000 Euro/Annually (which includes a separate upstairs office space generating income of 27,000 Euro.
Rates 12,500 Euro/Annually Proof of funds will be required and only completed NDA applicants will secure a viewing on this turnkey business.
- Asking Price:
- €550,000 Inventory / Stock included
- Turnover:
- €1,000,000
- Net Profit:
- €148,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
14 Years remaining on long renewable lease
- Leasehold Rent:
-
€58,000 per annum
- Location:
-
Main Street ... South East Coast
- Premises Details:
-
180m2 with separate Keg Room and Storage Area
Business Operation
- Expansion Potential:
-
Great untapped Morning Potential
- Competition / Market:
-
Yes about 5 other profitable Restaurants in this Affluent Town
- Reasons for selling:
-
Owner has other interests abroad
- Trading hours:
-
Currently 12-12 But unrestricted in this stand alone Building
- Employees:
- 16
- Years established:
- 14
