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Established Sit-in Diner Galway For Sale

Galway City, Galway, Ireland
Asking Price:
Under €100K Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
€50K - €100K

DEAL CHASERS (Innovative Business Brokers) offer for sale this well established 32 seat diner in Co Galway, , the success of this business has been built on an ever-present personal touch and keeping labour costs down, and potential buyers will benefit from a time-tested, recession-proof business. This highly sought-after gem has been trading for some 15 years.

This business is for sale Lock stock and barrel. Walk in and walk out, subject to lease assignment.

To succeed with this business the current owner believes is to offer a traditional country cafe fair Breakfast, lunch and dinner, acquire a wine licence and specialize in night time cuisine ,ie AMERICAN (wings, ribs, burgers), MEXICAN (burritos, nachos, chilli) ITALIAN (pasta, pizza) or SPANISH (tapas)

Annual rent: €14,400
Rates: €1600
Lease remaining 4 years with a further 5 year option and a 5 year break clause

Property Information

Real Estate:

Lease

Lease Terms:

10 year leae with 4 years remainin wuth option of further 5 years and 5 year break clause

Leasehold Rent:

€14,400 per annum

Location:

Co Galway , 15 mins from the city

Size in square feet:
753

Business Operation

Competition / Market:

No sit in diners in the area , and others only offering normal pub grub, and under cheffed etc

Reasons for selling:

Retirement

Trading hours:

Tues - Sat 9-3pm

Employees:
1 ft / 2 pt
Years established:
15

Other Information

Support & training:

Yes

Financing available:

Yes

Furniture / Fixtures value:
€25,000 - included in the asking price
Inventory / Stock value:
€3,000