Thriving Grade 11 Listed Restaurant for Sale
- Asking Price: £45,000 +SAV
- Turnover: The business reports a healthy turnover of £140,000 with reported gross profit of £89,000.
- Tenure: Leasehold
Hilton Smythe is delighted to introduce to the market this thriving restaurant. The business is situated within a stunning grade 11 listed premise with unique features and stylish décor split over two storeys. The restaurant was originally founded in 2000 and has been under the careful ownership of our client since inception in 2012 and only now does the business reluctantly come to the market due to our client’s other business interests. Our client has worked tirelessly to establish the business, and the restaurant now boasts an outstanding reputation for offering a fine dining experience with a menu of eclectic modern British cuisine of the highest quality. The 70 cover restaurant is uniquely styled with bespoke wall coverings and exposed brickwork with dimmed lighting effects creating a warm and friendly ambiance for diners. The restaurant holds an alcohol licence and is open for lunches and evening meals. We believe there is the potential to open the venue for private events if required. This is a profitable and ready to walk in business opportunity set within this beautiful building and is not to be missed.
The business is owner run and managed with the assistance of 3 part time members of staff.
The business currently opens:- Monday closedTuesday to Saturday 12.00 noon to closeSunday – subject to bookings. The business opens less hours during summer months, allowing for the potential to extend opening hours.
The business is located within a vibrant business district and historic tourist area close to central Nottingham City Centre.
The business operates in the lower ground floor and basement of this prominent Grade 11 listed three storey building. Basement floorBelow restaurant level - Cellar with office area and storage, chest Freezer, beer kegs, meat slicer, hot water boiler, sink, hand-wash, carbonator and chiller unit. The business is covered by a CCTV system with 9 cameras Lower ground levelWindows at street level. Entry is from the street down two flights of stairs to the restaurant level. Bar area with 3 pumps, 2 two door drinks chillers, coffee machine, ice machine, glass washer, till (rented EPOS) and card terminal. Stylish seating area with bar stools. 70 cover restaurant with lots of unique features including private curtained dining area, unique wall covering and bare brick walls. Ladies and Gents toilet facilities, 2 storage areas and cloakroom. Fully Equipped commercial kitchen housing extraction system, hot cupboard with lamp warmer, two 3 door cabinet fridges, 2.5 door cabinet fridge, large commercial fridge, pot wash sink, commercial dishwasher, 2 bowl commercial sink, turbofan oven, 4 burner gas hob, 2 door oven with range, grill, 4 pot Baine Marie, Smeg oven, microwave, 2 counter top fryers, 3 stainless steel preparation tables and 1 small stainless steel preparation table. There is some street parking, however the business is within walking distance of a large public car park.
We are advised leasehold.The original lease length is 5 years with 2.5 years remaining. Rent is £20,000 per annum.