Restaurant/cafe for sale in Radford Road, Nottingham NG7

£49,995
Restaurant/cafe for sale
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Property description

Business
Hilton Smythe welcomes to the market The Alton Restaurant in Nottingham.

The business has been operated by the current owners for just over 9 months and which due to family circumstances this very rare and exciting opportunity has now become available.

The site has been completely refurbished by the current vendor to a very high standard and represents a turn key business opportunity for a new owner to either continue with the current food offering and business model or to put their own spin on the site and take this golden opportunity to the next level.

The business currently serves a range of delicious freshly prepared Eastern European dishes with both Arabic and Kurdish influences for consumption either on or off-site via a home delivery service.

The venue itself lends itself brilliantly to special occasions such as birthday’s weddings and christenings with over 55 covers in total spread out over the main trading area as well as in the private snug with the benefit of a brand-new sound system.

Due to Council policy, no further restaurant licences are due to be issued within the area which will make interest in this site and opportunity very popular.

The site is spread over two floors with completely refurbished WC facilities which can be accessed by wheelchair from the rear of the site and ample additional storage and office space to the lower ground floor.

The Alton represents a very rare business opportunity within this sector with sensible in-going and running costs with the added benefit of the new owner operating from an almost brand-new site.

Location
Situated at the top end of Gregory Boulevard off the A610 on Radford Road in Nottingham within this busy and much sought-after part of the City.

The site is located close to the popular Forest Fields recreation ground which is home of the famous Nottingham Goose Fair and is easily accessible by all routes in and out of the City, on foot and by public transport with plenty of free parking on Radford Road and amongst the surrounding residential dwellings.

Premises
Large site situated in a period property on a corner plot on Radford Road in Nottingham.

Steps lead up to the main entrance and into main trading area with additional sung room.

Included in the sale

•All tables and chairs

•Internal fixtures and fittings

•All lighting

•Service counter

•£2,500 fully-fitted sound system

kitchen to the rear

•Additional preparation room

•Stainless-steel counter and food preparation units

•Gas ovens with stainless surround

•Stainless extractors over

•Stainless hot food storage units

•Microwave ovens

•Stainless steel fridges and freezers.

•Completely refurbished WC’. S

•Disabled and baby change facilities

There is access to the secure rear yard with additional wheelchair access from the street.

To the lower ground floor is additional storage and food preparation facilities plus a secure office located within the old bank vault with secure lockable door.

CCTV System, Fully re-conditioned electrics, A3 Premises Licence.

To the rear of the site is a covered secure rear yard with additional access onto the street.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £9,600 per annum with over 4 years remaining on the current 5 Year Lease.

Hours
Open 7 Days

12.00pm to 10.00pm

Staff
The business is run and managed by the current vendor with the assistance of 3 Part time staff.

Financial Profile
We are advised the business is currently turning over in the region of £135,000 per annum on a new business model trading limited-hours.

The rateable value of the site is £6,600.

There are currently no business rates payable.

A growing turn key business opportunity.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

Contact Hilton Smythe Commercial about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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