Whiting Street, Bury St. Edmunds
- *BUSINESS FOR SALE*
- *Download brochure when browsing on desktop or request detailed brochure*
WINE BAR AND RESTAURANT BUSINESS FOR SALE
£90,000 (sale not subject to VAT).
In the region of £100,000 per annum trading 3 nights per week with normal menu.
Wednesdays are currently used to host events. Guest Sushi Chef (bi-monthly), Wine Club.
Certified accounts from the owner’s Chartered Accountants can be made available for genuine enquirers.
6:00pm – 11:00pm | Wednesday
6:00pm – 11:00pm | Thursday
6:00pm – 11:00pm | Friday
6:00pm – 11:00pm | Saturday
4.5 years trading as ‘Petrus Wine Bar’.
REASONS FOR SELLING
Selling to pursue primary business interest.
Owner/Chef with 1 full time Bar Staff and additional kitchen porter on weekends.
Considerable scope for growth with extended operating hours to include all week maximising the existing liquor licence Monday to Saturday 10:00am to Midnight and Sunday 12:00am to 11:00pm and the opening up a lunchtime offering combined with an expanded food menu.
FIXTURES & FITTINGS
A comprehensive inventory of equipment is included in the sale price & provides a turnkey operation for the new owner.
Highly visible corner premises with wide glazed frontage in prime position on intersection.
Spacious 24 cover subdivided dining area with L-shaped bar.
Leasehold. The current lease runs 31 May 2020 with rent of £10,200 per annum. There is an option to renew by separate negotiation with the Landlord. The business is offered For Sale. NB. Earliest business transfer date is 01 June 2020.
LOCAL AUTHORITY & BUSINESS RATES
St. Edmundsbury District Council (01284 763 233)
NB. Zero business rates due to small business rate relief.
Strictly by prior appointment through the seller’s sole agent: Whatley Lane Estate Agents (WLEA). If there is anything of particular importance, please contact us to discuss, especially before embarking upon your journey to the business premises.
DIRECTIONS (IP33 1NX):
From London/Cambridge (by car) exit the M11 at Junction 9 and take the A11 towards Newmarket. Continue on the A14 towards Bury St. Edmunds. Exit the A14 at Junction 44, signposted 'Bury St. Edmunds West'. Take the A134 and follow signposts to the town centre, at the third roundabout head north into Southgate Street and follow the road until turning into Westgate Street passing the Theatre Royal on your left hand side. Turn right into College Street, left into Churchgate Street and nos. 74-75 Whiting Street is 100 metres along the street on the right hand side marked by our For Sale board.
From the town centre (on foot) leave the Market Square, proceed south down Whiting Street until reaching Churchgate Street intersection where Nos. 74-75 is immediately on the right hand side marked by our For Sale board.