Leasehold Bistro & Wine Bar Located In Leamington Spa
Wine Tasting Room & Function Room
A3 Consent
Licensed
Ref 3102

Asking Price £189,950 plus SAV (5,000)

Location
A fantastic opportunity to acquire this respected Bistro & Wine Bar which is located In Royal Leamington Spa. Situated within a prominent and highly visible, corner trading position within the town centre. Officially known as Royal Leamington Spa and is a picturesque town located in Warwickshire, England. It is situated approximately (2 miles) south of the historic town of Warwick and around (8 miles) north of Coventry. Leamington offers a vibrant shopping scene, with a mix of independent boutiques, high street stores, and a variety of cafes and restaurants. The town's diverse culinary scene caters to a range of tastes, from traditional British dishes to international cuisine.

Business Description
Veritas Business sales offer to the market this delightful Bistro & Wine Bar which is located in Leamington Spa. There has been a Restaurant trading from these premises for many years and our client transformed it into what you see today 9 years ago. They are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have renovated, redecorated and invested in equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. The Bistro is overseen by the owner but operated daily by a team of 3 full time & 4 part time member of staff and has an average weekly turnover of £10,000-£12,000. Approximately 60% of turnover is dry sales where they offer European food & tapas lunch and evening menu and the remaining 40% is wet sales where they serve a fine selection of wines, cocktails, spirits, beers, soft drinks, specialist coffees and teas. They also have a function room on the first floor which can be booked for wine tasting or private parties.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times and by opening on Mondays. 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 turnkey business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - closed
Tuesday - Thursday - 10:00 - 22:00
Friday & Saturday - 10:00 - 00:00
Sunday - 10:00 - 22:00

Leasehold
Term: 14 years
Remaining: 5 years
Rent: £19,440 pa
Reviewed: 3 yearly
Business Rates: zero

Ground Floor
Bistro comprising: lower level restaurant area with tables & chairs to cover (24), air-conditioning unit, door heater, 2 x large wall mounted mirrors and wall mounted wine display racks. Raised restaurant area with tables & chairs to cover (17), 2 x large wall mounted mirrors, bar servery with draught beer tap, espresso coffee machine (Fracino), coffee grinder (Fracino), ice crusher (Neo), 2 x 3 door undercounter drinks fridges, sink drainer, EPOS till system with cash draw, glass washer (Class EQ), storage shelving, condiments/cutlery corner, electric fire, and air-conditioning unit.
Kitchen comprising: stainless steel wash basin with electric water heater, dual stainless steel sink drainer, 2 x wall mounted plate racks, wall mounted shelf, wall mounted utensil/knife rack, paper towel dispenser, stainless steel table with pass, 6 burner range (Blue Seal), extraction canopy, electric oven (Mono), gas dual deep fat fryer (Blue Seal), stainless steel table with commercial can opener, undercounter freezer (Indesit), 4 slice toaster (Dualit), saladette with 3 door undercounter fridge (Adexa), 3 door undercounter fridge (Blizzard), 5 x wall mounted metal shelves, fridge/freezer (Fridgemaster and food processor (Kenwood).
Hallway with rear exit door wall mounted mirror.
Ladies W/C with baby change, wall mounted hand dryer, wall mounted mirror and wash basin with vanity unit.
Gents W/C with wall mounted hand dryer, wall mounted mirror and wash basin with vanity unit.
Small storage area with ice machine and stairs leading down to the basement.

Basement
Hallway with 3 x metal storage units.
Staff W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Staff room with lockers, table & chairs, 3 x wall mount cloak hooks, 5 x metal storage units and walk-in cold room.
Dry Stores with walk-in freezer room and 7 x metal storage units. Office with coded door, fridge/freezer (Foster) upright freezer and CCTV monitor (16 camera system).
Wine store with coded door and 2 x storage units.

First Floor
Restaurant with seating for (18).

External
Shared rear passageway with bin area.

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.

No longer on the market

Restaurant

Features and description

About this agent

See more properties like this