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For Sale

32 Kilkeel Road, Annalong, County Down, BT34 4TJ

Restaurant/Cafe
D 80
EPC Rating

Location of 32 Kilkeel Road

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description

WELL ESTABLISHED RESTAURANT BUSINESS WITH PROMINENT COMMERCIAL PREMISES

We are pleased to offer for sale this well established restaurant business, which occupies a prominent position in the delightful village of Annalong.  The business has been successfully trading since 1999 and since then has grown from strength to strength to become a very popular restaurant in the village.

Property

The property comprises a single storey building with basement, extending to about 1600 square feet, and occupies an excellent trading position on the Kilkeel Road, the main road travelling through Annalong village. 

 

The accommodation comprises:

Reception Area: approx. 70sqft (6.5sqm)

Restaurant: approx. 670sqft (62sqm)

Kitchen: approx. 255sqft (23.6sqm)

Utility Area: approx. 40sqft (3.7sqm)

WC

Basement: Utility Room: approx. 200sqft (18.6sqm)

Store Room: approx. 300sqft (27.8sqm)

Staff Room & WC 

External: Private Parking Area for 12 cars to rear   

 

Business and Description

The business is currently open five days a week (Tuesday to Saturday) from 9.00am to 7.00pm on Tuesday, Wednesday and Thursday, and from 9.00am to 8.00pm on Friday and Saturday, serving breakfast, lunches and evening meals.  The business operates between March and September of the year, due to other business commitments of the owners.  The opportunity therefore exits for the Purchaser to expand the business to operate throughout the year.  

The premises were refurbished by the current owners and internally the restaurant is finished to a very high standard.  The premises have a spacious seating and can accommodate up to 60 covers.  Seating is provided by freestanding tables, chairs and sofas.  The premises benefit from a gas fired heating system and private car parking area to the rear.   

 

Fixtures and Fittings

The restaurant’s modern kitchen and food counter is fully equipped and an inventory of fixtures, fittings and equipment included in the sale will  be provided upon request. 

 

Staff

The business currently employs a total of eight staff, both on a full time and part time basis. 

 

Rates

We have been advised by the Land and Property Services website of the following rating information: NAV: £5,550.00.  The current annual rates for 2018/2019 are £3145.00 per annum.           

 

Financial Accounts

The business have experienced continual sales growth since the first year of trading.  Further financial information in respect of yearly accounts will be provided to bona fide purchasers upon request to Cunningham & McPartland Chartered Accountants, 197 Moyadd Road, Kilkeel.  Telephone: (028) 4176 3339.  

 

Customers

The customer base consists of both prior reservation and walk-in trade from Annalong, the general Mourne area and beyond.  A significant number of clientele are repeat customers and the business has attracted highly favourable reviews of various travel websites, including Trip Advisor. 

 

Structure of Sale

The sale will include the property, the business’s tangible and intangible assets, including all furniture, fixtures, fittings and equipment owned by the businesses and customary to the normal operation of the businesses; and the goodwill of the businesses and other intangible assets excluding the trading name. 

 

Viewing

Strictly by appointment with Selling Agent.

 

Price:

Offers are invited to acquire the commercial property and Café business to include goodwill and fixtures and fittings. 

 

PLEASE NOTE: Any measurements quoted are approximate and are for general guidance only.  Any fixtures, fittings, services, heating systems, appliances or installations referred to in these particulars have not been tested and therefore no guarantee can be given that they are in working order.  Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.

Property Costs

  • Status: For Sale
  • POA
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

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Contact Agent

Lindsay Graham
16 Main Street

Other costs to budget for

Wilson Nesbitt Solicitors

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