Advent Business Sales - Restaurant Premises

Financial Details: Asking price: £45,000; Sales revenue: Undisclosed; Net profit: Undisclosed; Fixtures value: Undisclosed; Stock value: Undisclosed

Business Description: Advent Business Sales is pleaded to have been instructed to offer to the market this 60 cover restaurant, which is suitable for any cuisine.

The business, which has been owned by the current vendor for 7 years, is now being offered for sale as he has relocated to a village approximately 5 miles away.

The premises would be suitable for a number of uses subject to the required permissions.

The vendor has left the full air conditioning system as well as the extraction equipment and a good quantity of table and chairs and all are included within the sale price.

The rent for the premises is only £11,000 per annum and is not due to be reviewed until early 2009.

This is an ideal opportunity for a new purchaser to acquire cheap rented premises with expensive fittings included.

REF: 8889OX

General Information: Property:Leasehold; Lease terms:TENURE: Leasehold Original lease: 20 years Remaining lease: 2.5 years Review every: 5 years Rent: £11,000 P.A. We are advised that the annual business rates are currently: £4,200; Living accomodation:BUSINESS PREMISES The premises are arranged over three floors with the ground and first floors being the restaurant and kitchen and the top floor being bed-sit accommodation.; Location:The premises are located in the heart of Banbury, which is a large North Oxfordshire market town.

The area is almost 100% commercial with a large variety of different businesses nearby, with the large castle quay shopping centre almost on the doorstep.

The street is due to be pedestrianised within the next few years, which will give the opportunity to have ‘al fresco’ dining in the future.

There are many pay and display car parks nearby.; Financing available:Please let us know if you require finance for the purchase of a business.; Related documents:Sales Particulars

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