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Ringwood. BH24 1DZ

Property Details
Agent Ref No: H12470
Category: For Sale
Business for Sale
Type: Restaurant / Café
Offer Type:
Price: £395,000.00
Rent: Not Applicable
Yield: Not Applicable
Further Property Details
Date Listed: 2012-04-16
Size:
Tenure: Freehold
Min Rental Size: Not Applicable
Property Status: Business Currently Trading

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Description

New Forest Market Town restaurant. Rare freehold opportunity. Established restaurant – 11 years in current ownership. Self contained owners 5 bedroom accommodation. Fully fitted and equipped throughout. Would suit variety of catering operations. Planning permission previously granted to extend the restaurant (would need to be re-applied for). Parking for 4 cars.

LOCATION
Furlong Shopping Centre within 225 yards, Central Shoppers Car Park approx. 225 yards. Bournemouth approx. 13 miles. Salisbury approx. 17 miles. Southampton approx. 21 miles.

FEATURES
New Forest Market Town restaurant. Rare freehold opportunity. Established restaurant – 11 years in current ownership. Self contained owners 5 bedroom accommodation. Fully fitted and equipped throughout. Would suit variety of catering operations. Planning permission previously granted to extend the restaurant (would need to be re-applied for). Parking for 4 cars.

SUMMARY OF ACCOMMODATION
Restaurant (52 covers). Cloakrooms. Kitchen. Staff Cloakroom. Walk in Store. Self contained owners accommodation comprising Office, 5 Bedrooms (1 en-suite), Lounge, Kitchen and Shower Room.

TRADING & BUSINESS
The current owners operate the premises as a Thai restaurant and trade evenings only, Monday to Saturday inclusive and are closed on Sunday’s. We have had sight of accounts that show in the year ending 31st March 2010, the turnover was £247,082 excluding VAT with a net profit of approximately £75,000. Further accounting information can be made available to genuinely interested parties.

LICENCES/PERMISSIONS
We are informed that the property holds a Premises Licence granted by New Forest District Council. The Licensing Act 2003 states that properties serving alcohol have a designated premises supervisor who must hold a Personal Licence. We suggest that all purchasers take appropriate professional advice. We have not had sight of this licensing documentation.