Fully Licensed Tapas Bar & Restaurant 2582

Leasehold £39,750

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This is a superb opportunity to acquire this spacious recently refurbished bar and restaurant in a highly visible main road location in Greenock.

Well presented leasehold premises with room for 70 covers in the restaurant area and a further 20 in the cocktail bar.

Large flexible dining areas, bar and full commercial kitchen.

Average weekly sales between £3,500 - £5,000

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Type of business
This is an excellent opportunity to acquire a modern fully fitted and equipped licensed restaurant and bar in a highly visible main road site in Greenock. With space for over 90 covers between the restaurant and bar areas together with takeaway trade this recently refurbished property is in walk-in condition throughout and suitable for a wide range of cuisines. Greenock has a population of 45,000 and with the surrounding towns the catchment grows to 85,000 providing a good source of repeat custom and excellent passing trade.
Opening hours
3pm - 9.30pm Tuesday - Thursday, 12noon - 10pm Friday & Saturday, Closed Monday.
The business is run by the owner with 3 kitchen staff and 5 front of house staff.
Leasehold. Rent £1,750 per month including VAT. Lease runs until 2024 but can be extended. Rateable value £18,750.
The premises are located on Inverkip Street which is one of the main roads south through Greenock. It is a densely populated area but also has excellent passing trade. The restaurant and bar have separate street entrances but a linking internal doorway. They are both on the ground floor level and are spacious and fitted out to a bright modern standard with large open plan dining and bar area, ladies and gents toilets, a large full commercial kitchen and ample storage. All equipment, fixtures and fittings are owned outright and are included in the sale price.
Financial information
Weekly sales average between £3,500 and £5,000 with approximately 70% being from restaurant and bar sales and 30% being takeaway trade.