This property is no longer on the market

Restaurant

Sold STC

0121 721 6440

Call

Save

Restaurant

0 bed

0 bath

Property description & features

Leasehold
Restaurant
Licensed
Only Trades Three Evenings Per Week
Town Centre Location
Potential For A Flat Above

Leasehold Restaurant Located In Warwick
Only Operates Three Evenings
Licensed
Ref 2804

Location
This established Restaurant is located in the historic town of Warwick which is one of Warwickshire's popular tourist hotspots. Situated within a prominent and highly visible trading position on Smith Street which is one way. The immediate area offers an array of retail shops, bars, restaurants and residential properties. All of which bring decent levels of footfall to the area. Just a short stroll away you have St Nicholas Park and Warwick Train Station which offers direct access to London Marylebone. Warwick offers easy access to Royal Leamington Spa (3.2 miles) and Stratford Upon Avon (9.7 miles).

Asking Price: £89,950 plus SAV (£1,500)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Restaurant which is located in Warwick. There has been a restaurant trading from these premises for the past 35 years and has now been in the careful hands of our client for the past 8 years. He is now offering business for sale to concentrate on other business interests.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Pickled Crab is owner operated with the help of 1 part time member of staff and has a turnover of circa £170,000 trading just three evenings per week. They offer a nine course tasting menu. All fayre is freshly prepared on site to order using only the finest locally sourced produce and all can be accompanied with some fine wines from around the world. Included within the sale price is a website with au automated booking and deposit system.
We believe that there is further potential to increase trade should you wish to, by opening more then the current three evenings, maybe opening lunchtimes and offering Sunday lunches. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Sunday - Wednesday - closed
Thursday - Saturday - 6:00pm - 10:30pm

Leasehold
Original term: 9 years (renewable)
Remaining: 3 years
Rent: £18,000 pa
Rates: zero

Ground Floor
Restaurant comprising: tables & chairs to cover (30), bar area with serve over counter, 3 x undercounter drinks fridges (Haden), small chest freezer, storage shelves for the glasses and a stainless steel wash basin. Open kitchen servery with espresso coffee machine (Fracino), coffee grinder (Visacrem), 2 x induction hobs (Caterlite), heated pass with saladette, stainless steel wash basin and storage shelf.
Hallway with rear exit door to the rear car park.
Commercial kitchen comprising: stainless steel double sink, stainless steel fish fridge, 4 x lamp pass, 4 x lamp pass with hot cupboard, stainless steel worktop, wash basin, 6 burner range (Baron), solid top with oven below, salamander grill (Falcon), extraction canopy, stainless steel fridge with saladette above, dual deep fat fryer, induction hob (Caterlite), dual deep fat fryer (Caterlite) and commercial microwave (Delonghi).
Dry stores with upright freezer (Beko), undercounter fridge (Zanussi), undercounter freezer (Fridgemaster), upright freezer (Beko), double door stainless steel American fridge (Traulsen), double door stainless steel fridge (Artic) and various pots, pans and utensils.

First Floor
Ladies toilets with 2 x W/C's and 2 x wash basins.
Gents W/C, urinal and 2 x wash basins.
Storeroom.

Second Floor
Storeroom with combination boiler (Worcester Bosch).
Storeroom.

The property benefits from gas fired central heating. The first and second floors have rooms which could be converted into living accommodation.

External
Rear car park with vendors parking for (1). Of an evening more spaces become available.

Show full descriptionHide full description

Visit agent website

Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

Request viewing/info

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

Visit agent website

Visit Agent's properties

See more properties like this:

*DISCLAIMER

Property reference 2804. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.