7968L

HIGHLY DESIRABLE & BEAUTIFULLY PRESENTED ‘FREE-OF-TIE’ BAR, CAFE & RESTAURANT FOR SALE, WITH SUPERB EXTERNAL AREAS LOCATED ON THE HIGH STREET OF THE OLD TOWN OF POOLE, DORSET

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  • Excellent ‘Old Town’ position within this tourist hotspot, close to the Quay.
  • Bar, Café & Restaurant (circa 60) is a lovely area offering a bar servery and solid wood floors.
  • Cellar Restaurant/Function Room (circa 45) benefits from tiled flooring, exposed brick walls and a bar servery.
  • Wonderful Patio Terrace Area (circa 50 covers).
  • Commercial Catering Kitchen.
  • We are advised turnover for y/e 03/17 is circa £400,000 (inc VAT) on a trade split of 70% food and 30% wet.
  • 13 years remaining on a ‘free of tie’ renewable lease.
A RARE OPPORTUNITY IN A PRIME LOCATION WITHIN POOLE

ASKING PRICE £119,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This superbly positioned and established ‘free of tie’ leasehold Bar, Café and Restaurant is located within the ‘old town’ of Poole.

Poole is a lovely coastal town and seaport in the county of Dorset, on the south coast of England.

The town is 20 miles east of Dorchester and adjoins Bournemouth to the east.

Poole is a very popular tourist resort attracting visitors with its large natural harbour, history, the Lighthouse Arts Centre and lovely Blue Flag Beaches. The town has a commercial port with Cross-Channel freight and passenger ferry services.

The headquarters of the RNLI are in Poole and the Royal Marines have a base in the harbour. Despite their names, Poole is also home to The Arts University Bournemouth, the Bournemouth Symphony Orchestra and Bournemouth University.

THE PROPERTY

This free of tie Leasehold Bar, Cafe & Restaurant is of painted brick construction, under a pitched, tiled roof, occupying a prominent High Street position within Poole, Dorset.

The Bar, Café & Restaurant (circa 60) is a lovely trading area offering views over the Patio Terrace Area and High Street. The room benefits from solid wood flooring, bar servery area, wood panelling and exposed brick walls.

The Cellar Restaurant/Function Room (circa 45) is a self-contained area with its own bar servery and washrooms. This area offers tiled flooring and exposed brick walls.

Ladies and Gents W.C.’s x 2.

There is an excellent Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces that is equipped to a very high standard.

There is a Store Room and Cooler Area for the draughts products.

EXTERNAL

To the front of the business is a wonderful Patio Terrace Area (circa 50 covers) offering a variety of parasols and quality furnishings. This area is a fantastic addition to the business as is well used throughout the summer months.

To the rear is parking for 3 cars.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

7 days per week 11am - Midnight

Current opening hours are:

7 days per week - 11am - 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 13 years remaining of the Private ‘Free of Tie’ full repairing and insuring, renewable agreement. We are advised that the bar and restaurant is free of tie for all products. We are informed that the rent is currently £36,000 per annum to be reviewed in 2020. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being £14,000.

THE BUSINESS

Our vendors have operated this successful and established business under management for 22 years as part of the Alcatraz Group (we are currently marketing other Alcatraz businesses in the area). This property has a fantastic position and offers new operators a prime site within this lovely seaside town. The business is run as a Café and Italian Restaurant at present but would be available for many uses.

We are informed that the turnover for y/e 03/17 is circa £400,000 (inc VAT) per annum and has a trade split of 70% food and 30% wet. Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014. Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.

ADDITIONAL IMAGES

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