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Established Award Winning Seafood Restaurant Winner For Sale

Poole, Dorset
Asking Price:
£59,950 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Features
Long established award winning (Dorset Seafood Winner 2018) restaurant. Huge scope to expand the business (currently trading 4 evenings a week to suit owner). In current ownership for almost 20 years. Spacious owners two bedroom self-contained accommodation above. Could suit various cuisines/concepts.

Location
Prominent High Street location. Poole Quay approx. 100 yards. Dolphin Centre approx. ½ mile (on foot). Railway Station approx. ¾ mile. Bournemouth approx. 6 miles.

Summary of accommodation
Restaurant (45 covers). Cloakrooms. Kitchen. Prep Area. Store Room. Owners self-contained accommodation comprising Lounge, Kitchen, Bathroom, Double and Single Bedrooms.

Description
Restaurant with upholstered bench style seating, upholstered chairs and wooden tables with metal bases for 45 covers, ceiling mounted air conditioning and heating units, fireplace, wooden bar servery, double glass fronted chiller display, wooden work top surface, 2 double glass fronted chiller display, Epos till system. Through into Kitchen with non slip floor, stainless steel tables, counter fridge, glass washer, tiled walls, double deep bowl sink unit, single deep bowl sink unit, microwave, 6 burner gas range with oven under, hotplate under, double deep fat fryer, extensive extraction system above, chiller counter unit, fish fridge. Through into Prep Area with wash hand basin, 2 chiller counter units, wall mounted gas boiler. Through into Store Room with tiled floor, upright fridge, upright freezer, double glass fronted chiller display, ice machine, fire exit door to rear outside. Door from Restaurant into Lobby with Gents Cloakroom and Ladies Cloakroom. Through front door with stairs up to self-contained Owners Lounge with brick fireplace, wood burner, original fireplace and surround. Bathroom with bath, tiled, shower cubicle, wash hand basin, low level WC. Lobby into Kitchen with laminated work top surfaces, base units, single drainer single bowl sink unit, 4 hob gas burner with oven under, extraction above, wall mounted gas boiler. Through double French doors to outside roof terrace. Stairs from Hallway to Second Floor with Bedroom 1 double. Bedroom 2 single (was previously 3 bedrooms).

Trading & business
This highly regarded seafood restaurant commenced trading under the current owners in 1999 and specialises in seafood dishes but also offers meat and vegetarian options. The business only trades 4 evenings per week to suit the current owners circumstances and therefore there is huge potential to increase the turnover and profitability by opening additional evenings and lunchtimes. The owners have provided us with accounts which show that in the year ending 30/11/2018 the turnover was £299,291 excluding VAT. Further accounts can be made available to genuinely interested purchasers.

Licences/permissions
We are informed that the property holds a Premises Licence granted by BCP Council (Poole). The Licensing Act 2003 states that properties serving alcohol have a designated premises supervisor who must hold a Personal Licence. We have not had sight of this licensing documentation.

Tenure
leasehold. The owners inform us that the premises are held under an original 21 year lease with approximately 1 year remaining and we understand that the freeholder is prepared to grant a new 5 or 10 year lease at a rent to be negotiated. We have not had sight of this lease documentation.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold. The owners inform us that the premises are held under an original 21 year lease with approximately 1 year remaining and we understand that the freeholder is prepared to grant a new 5 or 10 year lease at a rent to be negotiated. We have not had sight of this lease documentation.

Living Accommodation:

Restaurant (45 covers). Cloakrooms. Kitchen. Prep Area. Store Room. Owners self-contained accommodation comprising Lounge, Kitchen, Bathroom, Double and Single Bedrooms.

Location:

Prominent High Street location. Poole Quay approx. 100 yards. Dolphin Centre approx. ½ mile (on foot). Railway Station approx. ¾ mile. Bournemouth approx. 6 miles.

Premises Details:

Restaurant (45 covers). Cloakrooms. Kitchen. Prep Area. Store Room. Owners self-contained accommodation comprising Lounge, Kitchen, Bathroom, Double and Single Bedrooms.

Energy Performance Rating:
C

Contact Information

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