established restaurant business
BUSINESS FOR SALE
ESTABLISHED RESTAURANT BUSINESS Renaissance, 29a Princess Street, SHREWSBURY, Shropshire, SY1 1LW A popular and Well Established Town Centre Restaurant with Local Client Base.
Guide Price: £49,500 for the Business
BUSINESS FOR SALE Location
Website
The Restaurant is situated in the Town Centre of the historic town of Shrewsbury and benefits from access directly off Princess Street which is just off The Square in the Town Centre. Shrewsbury serves as the County Town of Shropshire and is a popular tourist centre and market town.
In order to fully appreciate the outstanding opportunity that the business offers, please view the website at: www.renaissancerestaurant.co.uk
The property provides an attractive characterful 32cover restaurant arranged over a 4-storey Grade II Listed property. The restaurant area is arranged within 2 rooms fronting onto Princess Street and benefits from a Reception/Bar Area and full fitted commercial Kitchens. Within the second floor there are toilet facilities and various rooms that are currently arranged to provide proprietor's accommodation.
Business Detailed information and audited accounts can be made available to genuinely interested parties upon request, following an inspection of the business. The business has been run by the existing proprietors for over 12 years and is only reluctantly offered for sale due to the proprietors wishing to pursue other business interests. The business provides a long-established restaurant which also offers morning coffees which are well supported by a local client base and is run by the existing proprietors with assistance from 2 part-time staff. The hours of opening are 10.00am to 12.00pm Tuesday to Saturday 12.00pm to 2.30pm Tuesday to Saturday 7.30 pm onwardsFriday and Saturday The business also caters for private parties by arrangement and there is significant potential for extending trading hours of the business. The audited accounts for the year ending 31 July 2011 showed a turnover of approximately £76,000 (exclusive).
Licence The property benefits from a Premises Licence with Alcohol.
Accommodation Ground Floor Reception Hallway with feature staircase leading to First Floor Landing Restaurant Section 1: 4.64m max x 4.60m max (15'3'' max x 15'1'' max) which seats 20 with feature fireplace and feature panelling to walls Restaurant Section 2: 3.66m max x 4.22m max (12'0'' max x 13'10'' max) which seats 12 with feature fireplace and feature panelling to walls Bar: 3.28m x 3.68m (10'9'' x 12'1'') incorporating feature panelling and bar server Kitchen (incorporating Preparation Room): 4.04m x 6.15m (13'3'' x 20'2'') well equipped incorporating a double drainer sink unit Feature staircase leading to Second Floor Landing Therapy Room: 3.61m x 4.34m (11'1O'' x 14'3'') with feature panelling Office: 3.78m x 3.81m (12'5M x 12'6'')
BUSINESS FOR SALE Meeting Room: 4.70m x 4.80m (15'5'' x 15'9'') with feature panelling Proprietor's Bedroom: 3.96 m x 2.92m (13'0'' max 9'7'') double bedroom Powder Room Gents Toilet Ladies Toilet Showers Feature staircase to Third Floor
Guide Price Leasehold: £16,000 per annum exclusive
Energy Performance Rating The property is rated as E.
Tenure The property is held on a lease, dated 1st December 2008 for a term of 10 years. The lease is granted on a Tenants Internal Repairing and Insuring basis at a current rent passing of £16,000 (sixteen thousand pounds) per annum. A new lease is available subject to negotiation.
Services (Not Tested) We understand that all mains services are connected to the property.
Fixtures & Fittings Only those items described in these sales particulars are included in the sale.
Council Tax Shropshire Council Shirehall Abbey Foregate Shrewsbury SY2 6ND Telephone: 0345 678 9000
Financial Act 1989 Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax (VAT). Any intending Tenant should satisfy themselves independently as to VAT in respect of any transaction.
Viewing Strictly by prior appointment through the sole agents: Halls Commercial Halls Holdings Limited Halls Holdings House Bowmen Way Battlefield Shrewsbury SY4 3DR Contact: James Evans BSc (Hons.) MRICS Email: [email protected] Telephone: 01743 450700
Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agents they are, give notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an over or contract. Any information given should not be relied on as statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warrant whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority to ensure it is permitted.
BUSINESS FOR SALE
ESTABLISHED RESTAURANT BUSINESS Renaissance, 29a Princess Street, SHREWSBURY, Shropshire, SY1 1LW A popular and Well Established Town Centre Restaurant with Local Client Base.
Guide Price: £49,500 for the Business
BUSINESS FOR SALE Location
Website
The Restaurant is situated in the Town Centre of the historic town of Shrewsbury and benefits from access directly off Princess Street which is just off The Square in the Town Centre. Shrewsbury serves as the County Town of Shropshire and is a popular tourist centre and market town.
In order to fully appreciate the outstanding opportunity that the business offers, please view the website at: www.renaissancerestaurant.co.uk
The property provides an attractive characterful 32cover restaurant arranged over a 4-storey Grade II Listed property. The restaurant area is arranged within 2 rooms fronting onto Princess Street and benefits from a Reception/Bar Area and full fitted commercial Kitchens. Within the second floor there are toilet facilities and various rooms that are currently arranged to provide proprietor's accommodation.
Business Detailed information and audited accounts can be made available to genuinely interested parties upon request, following an inspection of the business. The business has been run by the existing proprietors for over 12 years and is only reluctantly offered for sale due to the proprietors wishing to pursue other business interests. The business provides a long-established restaurant which also offers morning coffees which are well supported by a local client base and is run by the existing proprietors with assistance from 2 part-time staff. The hours of opening are 10.00am to 12.00pm Tuesday to Saturday 12.00pm to 2.30pm Tuesday to Saturday 7.30 pm onwardsFriday and Saturday The business also caters for private parties by arrangement and there is significant potential for extending trading hours of the business. The audited accounts for the year ending 31 July 2011 showed a turnover of approximately £76,000 (exclusive).
Licence The property benefits from a Premises Licence with Alcohol.
Accommodation Ground Floor Reception Hallway with feature staircase leading to First Floor Landing Restaurant Section 1: 4.64m max x 4.60m max (15'3'' max x 15'1'' max) which seats 20 with feature fireplace and feature panelling to walls Restaurant Section 2: 3.66m max x 4.22m max (12'0'' max x 13'10'' max) which seats 12 with feature fireplace and feature panelling to walls Bar: 3.28m x 3.68m (10'9'' x 12'1'') incorporating feature panelling and bar server Kitchen (incorporating Preparation Room): 4.04m x 6.15m (13'3'' x 20'2'') well equipped incorporating a double drainer sink unit Feature staircase leading to Second Floor Landing Therapy Room: 3.61m x 4.34m (11'1O'' x 14'3'') with feature panelling Office: 3.78m x 3.81m (12'5M x 12'6'')
BUSINESS FOR SALE Meeting Room: 4.70m x 4.80m (15'5'' x 15'9'') with feature panelling Proprietor's Bedroom: 3.96 m x 2.92m (13'0'' max 9'7'') double bedroom Powder Room Gents Toilet Ladies Toilet Showers Feature staircase to Third Floor
Guide Price Leasehold: £16,000 per annum exclusive
Energy Performance Rating The property is rated as E.
Tenure The property is held on a lease, dated 1st December 2008 for a term of 10 years. The lease is granted on a Tenants Internal Repairing and Insuring basis at a current rent passing of £16,000 (sixteen thousand pounds) per annum. A new lease is available subject to negotiation.
Services (Not Tested) We understand that all mains services are connected to the property.
Fixtures & Fittings Only those items described in these sales particulars are included in the sale.
Council Tax Shropshire Council Shirehall Abbey Foregate Shrewsbury SY2 6ND Telephone: 0345 678 9000
Financial Act 1989 Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax (VAT). Any intending Tenant should satisfy themselves independently as to VAT in respect of any transaction.
Viewing Strictly by prior appointment through the sole agents: Halls Commercial Halls Holdings Limited Halls Holdings House Bowmen Way Battlefield Shrewsbury SY4 3DR Contact: James Evans BSc (Hons.) MRICS Email: [email protected] Telephone: 01743 450700
Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agents they are, give notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an over or contract. Any information given should not be relied on as statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warrant whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority to ensure it is permitted.
BUSINESS FOR SALE
