Shisha Bar & Lounge for Sale in Wisbech, Cambridgeshire

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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

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LANDLORD’S REQUIREMENTS

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

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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: £250,000 (Lease & FF&E)

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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

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THE LOCATION

• Wisbech, Cambridgeshire
• 0.9 mile to Wisbech town centre

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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

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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.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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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.