Leasehold Restaurant Located In Warwick

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.