RESTAURANT, NEWMARKET, SUFFOLK Reference No: E7600J
Price:
£ 55,000
Description
LOCATION: In a prime high street of the famous market town and world heritage site of Suffolk, 65 miles from London, global centre of thoroughbred horse racing, home to over 3,500 race horses, largest horse breeding centre and Cambridge Science Park, this restaurant is in the centre of the business cluster next to the Waggon and Horses pub opposite Wildwood and TK Maxx. Nearby is also The Rutland Arms hotel and all major banks plus multiple retailers. Great passing trade.
DESCRIPTION: A Single fronted restaurant with 22 covers and a bar section, ladies and gents wc’s (525 sq ft). The rear door leads to a small store room with a wine fridge with a further ear door which leads to the service road with a 2 car space.
On the first floor is the 22.6 x 15.6 restaurant and function room with a further 24 covers, a fully fitted stainless steel kitchen 15.5 x 8.10 and a stock room 10.11 x 9.10. The rear door with the staircase leads to the service road. There is another large room which the owner uses as staff accommodation which contains a shower cubicle and wc. The stud partition wall may be removed to make one large seating area of 48 covers if required.
BUSINESS: In the same hands 12+ years run taking £5,000 pw at 65% g,p. Owner now preparing retire.
EQUIPMENT: Fully equipped for the trade including a 7 burner gas cooker, a double bar fridge, a coffee machine, 2 hot cabinets, a Buffalo microwave, a tandoori oven, 2 Polar upright stainless steel fridges, a chest freezer, a Polar glass fronted wine fridge, furniture, etc.
ACCOMMODATION: 1 Bedroom.
HOURS: Noon to 2.30 pm and 5 pm to 11 pm.
TENURE: A secure new renewable 20 year lease from 2018 with 5 yearly rent reviews at a current rent of £23,500 pa. Small business rate relief (£0 rate).
VIEWINGS: By appointment only.
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939