Reputable Restaurant For Sale - Hilton Smythe
£0 £1000000
£0 £1000000

For Sale

Reputable Restaurant For Sale

Stoke-on-Trent, Staffordshire

  • Asking Price: £199,995 +SAV
  • Turnover: Financial information can be made available upon request.

    Please quote reference B07220

     

  • Tenure: Leasehold

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Please quote reference B07220

Hilton Smythe are delighted to welcome to the market Golden Keg, a highly rated Indian/English Restaurant in Stoke-On-Trent.

The Golden Keg was first established in 2016, building up an excellent reputation during its time of trading. As seen by some online ratings and reviews, the business is extremely popular within the local area.

The restaurant has come to the open market as our client is now looking to pursue other business interests. 

The business trades as an Indian/English resteraunt also offer a large range of alcoholic and nonalcoholic drinks.

Key selling points -

  • One of a kind Lease terms, Private Landlord, no rent reviews - Landlord responsible for all external/building repairs
  • No or little Capex required
  • Large capacity
  • 170+ seater
  • Brilliant ‘on trend concept’
  • Stylish Décor
  • Excellent reviews across all platforms
  • Turnkey operation
  • Successful sales record
  • Very adaptable for any cuisine
  • Has a new housing estate built 100 yards away, only 300 built so far out of 1500 homes.
Scope for improvement - 

  • No Advertising has been done, just run off local word off mouth, little social media only Facebook.
  • Operates only limited hours, scope for lunch and daytime trading.
  • Business would suit any form of cuisine with its current layout. Even has a large Carvery/Buffet area.

We are advised that the business has 10 members of staff. 

The current trading hours are -

Monday - Closed

Tuesday to Saturday - 17:00pm - 22:30pm

Sunday - 12:00pm until 14:00pm & 17:00pm - 22:30pm

Golden Keg is located in Draycott in StokeOn-Trent.

The business has eye catching signage and receives high levels of footfall and passing trade.

 

The business is comprised of the following - 

All on 1 level for disabled access. Total Area 373.75m2.

Entrance/porch into bar area capacity 25 people, 2x wall fixed seating benches, 4x drinks tables and 7 single seater armchairs. Bar stools, 65” TV.

Large 10metre bar with 13 draught beers, a back bar, 2x under counter double door bar fridges, large single door wine fridge. Eviro clean Glasswasher, 2x bar sinks, 2x fruit disposal sinks, 1x epos system.

Dining Area 1- Large display wine rack, approx. 250 wine bottles. Large boat shaped chandelier, Mood lighting, Seating for 50 covers, mixture of fixed seating benches and chairs.

Dining Area 2- Large conservatory, 2x large boat shaped chandeliers, feature wall in Versace wallpaper, Seating for 70 covers.

Carvery/Buffet Area- 2x Hot plates with heat lamps. 1x Hot Plate. 10x Buffet Chafing dishes. 16 pan Neapolitan ice cream display Freezer, 1.5 metre cake display Fridge, 1x chest freezer, 1x Salad Counter.

Bar and both dining areas Carpeted, buffet area laminate flooring and toilets tiled.

7x Mitsubishi Electronics Air conditioning units throughout the ground floor level.

Toilets-

  • ladies: 4 cubicles, 2x sinks
  • Gents: 1x cubical, 2x Urinals, 1x sink
  • 1x Sperate Disabled toilet with Baby changing Station
Outdoor Decking Area- 2x Large 4m Parasols, 4 x picnic tables,

Seating for 20 people currently, during summer increased to 40 covers.  

Total 170 Covers

Kitchen-

The kitchen is extraordinarily kitted out, spacious and well designed.

  • Double 20 Litre fryers x2
  • 8 pan gas cooker and under oven
  • 6 pan gas cooker and under over/grill
  • 5m long Commercial extraction canopy x2 (1 in each kitchen area) last serviced June 2022
  • Tandoori oven x2
  • Commercial microwave x2
  • 32 flame stock pot
  • Bbq/ steak grill
  • Substantial preparation tables
  • Walk in cold room 6x4ft
  • Chest freezer 
  • Pot wash area with double sink/jet sprayer
  • Large food wash sink
  • Hot cupboards etc.
Outside storage area- pots pans unit, good shelving. Leads to rear car park for deliveries.

Outdoor Separate room- was prayer room in past, currently Staff room with 2 single beds and en-suite shower.

Car Park- 10 Spaces in front of building and 23 Spaces at rear of building.

Security- alarm system with online access, 12 cameras (4 external.)  Led Sign light on post. Gated property.

Basement Room

  • Room 1- Storage/ Boiler etc
  • Room 2- Dry goods storage, 2x Chest freezers, Ice maker Machine, 20ft of shelving floor to ceiling height.
  • Room 3- Beer cellar, cooling equipment, 20ft of shelving floor to ceiling height for bottled beer/ soft drinks etc. (Not owned, Coke cola Dispense equipment, Real Ale dispense equipment, 2x beer coolers, Co2 Air compressor)
  • Room 4- Storage of Spirits and Tables chairs, Furniture Etc.   
Living Accommodation

  • Large kitchen with 5 hob gas cooker/ oven, hood extractor, American Fidge/freezer with water dispenser. Fully fitted cupboards. 
  • Bathroom- bathtub, shower cubical and sink.
  • Large lounge/ dining room.
  • 3x large bedrooms (2 of which have queen beds and storage, 1 has a double bed with storage.)
  • Small Pantry room.
ALL BEDROOMS WILL BE VACANT Possession. ONLY KITCHEN AND BATHROOM WILL STAY AS IS.

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease, the current lease was granted in 2016. The rent is 24,000 per annum.

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