Restaurant/cafe for sale in Restaurants DN15, North Lincolnshire, £100,000

100,000.00

Offer Nr.:
62010279
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Ernest Wilson
Phone(s):
0113 482 9940

* Leasehold
* 50 Cover Restaurant Closed at Present currently open just for takeaway
* Operating Profit in Excess of £100, 000
* Scope for So Much More Here
* Viewing is essential to appreciate this concern
Restaurant and hot food takeaway in Scunthorpe for Sale.
A reputable pizza takeaway with an attached restaurant (currently closed).
Currently open just for takeaway. This easily run, family business has been
operated by our clients for six years and the premises underwent a
refurbishment in 2019 at a cost of £60, 000. The restaurant is currently closed
but the fixtures and fittings remain, allowing for imminent re - opening. We
understand the premises was licensed however this has now lapsed. Weekly
Turnover £12, 000 to £13, 000. We understand that there is an uptick in orders
during the winter months and takings can increase to approximately £15, 000 and
could be up to £20, 000 if new owners were to open the restaurant and operate
over seven days. Currently open just 5 days A week. Year end accounts for 2021
show a operating profit in excess of £100, 000 with a profit margin of around
35% to £40%. Our client chooses to take one month of holiday each year. There
is substantial scope for growth with the re - opening of the restaurant and
renewing the licence. The premises comprises of a customer waiting area,
serving counter, takeaway preparation / kitchen area, main restaurant kitchen
with almost brand new equipment, storage area and staff toilets. The
restaurant is open plan with space for approx. 50 covers with a bar area and
customer toilets. Located on the outskirts of the town centre opposite a large
public car park which has two hours free parking and is free at weekends.
EPC Band C.

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