Restaurant/cafe for sale in Miletree Lane, Wisbech PE13

Shisha Bar & Lounge for Sale in Wisbech, Cambridgeshire

Main features

Newly Fitted Bar & Lounge
Circa 3,000 sq. Ft
Indoor: 70 covers | Outdoor: 40 | Bar: 100
Customer Car Park available
Eligible for 100% rate relief
Great Outdoor seating

landlord’s requirements

Rent deposit subject to references
Personal Guarantor subject references
Proof of funds
Accountant’s references
Trade references

Lease details

Grant of 20 Years New Lease (Inside the Act of 1954)
Passing Rent: £26,000 plus VAT
Rent Review : Every 5 years
Premium: £125,000 (Lease & ff&E)

The premises

Circa 3,000 sq. Ft
Opening Hours: 8:00 to 4pm (Thu -Tue 8am – 11pm & Wed 8am – 9:30pm)
Indoor: 70 covers | Outdoor: 40 | Bar: 100
Benefits from 3-phase Electricity
Fully Electric and No Gas Connection
Benefits from Extraction
Eligible for 100% rate relief

The location

Wisbech, Cambridgeshire
0.9 mile to Wisbech town centre

Trading & financials

Trading as Shisha Bar, Restaurant & Lounge
Gross Sales Revenue: Circa £4,000/week (£208,000/year) (As per the vendor)
Currently our client manages the restaurant with 5 full time and 4 part time staff

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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Disclaimer

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.