WELL ESTABLISHED AND AWARD WINNING RESTAURANT BUSINESS WITH PRIME COMMERCIAL PROPERTY
We are pleased to offer for sale the well established and renowned Vanilla Restaurant and Wine and Tapas Bar, along with prominent commercial premises in the heart of the beautiful seaside resort of Newcastle.
Vanilla Restaurant has been successfully trading since 2009 and has grown from strength to strength with an unrivalled reputation for serving exceptional dishes using quality local produce. Vanilla Wine & Tapas opened in 2017, and has already obtained a superb reputation for it’s exceptional food.
The property comprises a three storey building occupying a prime trading position on the town’s Main Street, in the heart of the commercial hub of Newcastle.
Vanilla Restaurant is located on the ground floor and comprises the following accommodation:
Restaurant: approx. 605 square feet
Bar Area and Store: approx. 130 square feet
Kitchen (incl. Cold & Dry Stores): approx. 430 square feet
Customer & Staff Toilets
Vanilla Wine & Tapas Bar is located on the first floor, with a separate entrance, and comprises the following accommodation:
Restaurant and Bar Area: approx. 455 square feet
Balcony: approx. 85 square feet
Dishwasher Room: approx. 110 square feet
Second Floor - Storage Rooms.
Business and Description
The restaurant business is located on the ground floor at 67 Main Street, Newcastle, in the heart of Newcastle town centre, with the wine & tapas bar located on the first floor. The restaurant business is currently open seven days a week from 12.00noon to 3.30pm and from 5.00pm to 9.30pm, serving lunches and evening meals. The wine and tapas bar is currently open Thursday, Friday and Saturday from 5.00pm to 10.00pm. The ground floor premises were refurbished in 2009 and 2014 to provide superb restaurant premises, and in recent years the first floor was refurbished for the Wine & Tapas Bar. Internally the premises are finished to a extremely high and exacting standard. The premises have a spacious seating area on both floors and can accommodate up to 40 covers in the restaurant and up to 28 covers in the wine and tapas bar, with an additional 9 covers on the first floor balcony. Seating is provided by freestanding tables and chairs. The premises are fully air conditioned with reversible pumps for heating. The exterior windows have remote control roller shuttering. The business premises are fully licenced and the alcohol licence will be transferred to the new owner. The business holds a 5 star food hygiene and safety rating.
Fixtures and Fittings
The restaurant, wine and tapas bar and modern kitchens is fully equipped and an inventory of fixtures, fittings and equipment included in the sale will be provided to the purchaser.
The business currently employs a total of twenty staff, both on a full time and part time basis.
We have been advised by the Land and Property Services website of the following rating information: NAV: £14,000. The current annual rates for 2018/2019 are £8,005 per annum.
The business has 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 Mr. Eamonn McGrady, Eamonn P. McGrady & Co. Chartered Accountants, 21A Market Street, Downpatrick. Telephone (028) 4461 4340
The customer base consists of both prior reservation and walk-in trade from Newcastle, the general County Down 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.
Strictly by appointment with Selling Agent.
Structure of Sale
The sale will include all the property, the businesses tangible and intangible assets, including all furniture, fixtures, fittings and equipment owned by the businesses and customary to the normal operation of the businesses; the transferable alcohol licence; and the goodwill of the businesses and other intangible assets (ie businesses name, logo, website page, and other intellectual property).
Offers are being invited for the commercial property and restaurant business to include goodwill, fixtures and fittings and alcohol licence.
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.