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Licensed Restaurant In Clitheroe For Sale

Clitheroe, Lancashire
Asking Price:
£59,950
Turnover:
£416,000
Net Profit:
Not applicable

This well established business has been owned by our clients since 2008 and is only for sale today due to our clients’ other business commitments. The business achieves its current level of turnover, whilst offering further potential for an enthusiastic owner operator to increase the takings, by way of, for example, increasing the lunchtime trade & introducing seven day openings. This business has already gained an excellent reputation within the area, achieving a 4 star rating from over 300 reviews.

Property Information

Property:

Leasehold

Lease Terms:

10 year lease, with 3 yearly rent reviews

Leasehold Rent:

£37,960 per annum

Location:

This business is superbly situated on a busy main road, in the sought after picturesque market town of Clitheroe, close to Clitheroe Castle, other eateries and is surrounded by a large residential area. The town is popular with tourists and walkers, with the business benefiting from high levels of passing trade.

Premises Details:

The premises provide reception area, dining area to seat approximately 80, dessert display/preparation area, fitted bar to seat approximately 4, disabled WC facilities, large commercial kitchen with heated pass, washing up area with machine, large preparation area, 8 burner oven, further preparation area, convection oven, double deck pizza oven with preparation area, stairs lead down to well fitted private dining room to seat approximately 30, private lounge for approximately 20, private bar with seating for approximately 10, exit to lower ground al fresco area & 2 x store rooms. The 1st floor provides ladies & gents WC facilities & large unused room (possible function room to seat approximately 50). To the rear of the restaurant is a 2 tier al fresco seating area for approximately 60 & car park for approximately 40. The 2nd floor provides large office, staff WC facilities, staff changing room & 2 x store rooms.

Business Operation

Competition / Market:

• Taking £7,000 - £8,000 per week
• Rent £730 per week plus VAT
• Seating for approx 110 plus al fresco seating for approx 60
• Picturesque market town
• Busy main road
• Sought after area
• Near other eateries
• Close to Clitheroe Castle
• Popular area with tourists & walkers
• Surrounded by large residential area with ongoing residential development of up to 6000 new homes
• Managed by staff
• Scope to introduce takeaway menu
• High levels of passing trade
• Car park for approximately 40
• Hours of Opening 5:00pm – 10:00pm Wednesday to Friday & 12:00midday – 10:00pm Saturday & Sunday
• 10 year lease, with 3 yearly rent reviews

Trading hours:

5:00pm – 10:00pm Wednesday to Friday & 12:00midday – 10:00pm Saturday & Sunday

Contact Information

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