Summary
The subjects comprise a ground and first floor licensed restaurant premises of traditional construction which sits under a pitched and slated roof. Ample car parking is provided to the rear of the property. The premises are also fully licensed for external covers.
Internally, the restaurant, bar and ancillary accommodation is substantial and is fitted out to a high standard with extensive dining areas that can accommodate 90 covers. The kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The walls of the restaurant are of plaster/paint and the ceilings incorporate a mixture of LED spot and pendant lighting. The flooring is covered in a mix of commercial laminate and high quality carpet. The first floor has recently been fitted out as a dedicated bar and can cater up to 75 customers.
Key Points
Licensed bar and restaurantMain road frontageHigh standard fit-outTurnkey opportunityPrivate car parkingPremises over 2 floorsWeekly sales c. £9,000No VAT payable
The Business
Coalfield’s Steakhouse Bistro & Bar is a fully licensed Class 3 restaurant and bar which enjoys regular all year round trade from customers, such is the trading position. The business is currently generating c. £9,000 per week in sales. The business trades Monday to Thursday 12 pm to 11:30 pm and from 9 am to 11:30 pm on Friday, Saturday & Sunday. Currently, there are 4 full time staff members employed and 11 part time.
The current operators have decided to sell the business due to a change in circumstance, thus creating an extremely desirable opportunity to acquire a thriving, profitable business with a highly experienced team on a truly turnkey leasehold basis. The operation prides itself on the personal touch and this would be vital for any new owner to have the same ethos and outlook. The bespoke service the current operators provide is reflective of the success of the business and in turn, the return custom.
We have been advised that all fixtures and fittings are owned outright and included within the goodwill purchase price. Proof of sales will be made available to seriously interested parties post viewing stage.
Tenure
The lease is available by way of assignation, for the residual term of the lease, which expires in January 2031. The current rent is £29,500 per annum. The rent is subject to an open market rent review in January 2027. There may be the option to extend the lease, subject to approval.
Premium
Offers in the region of £175,000 are sought for our client’s leasehold interest in the property including the goodwill of the business, fixtures and fittings. Stock will be available at valuation.
EPC
A copy of the Energy Performance Certificate (EPC) is available upon request.
Location
The property is located on the north side of Main Street (A775), Holytown immediately across from its junction with Stevenston Street (B799). Holytown is located 2 miles to the east of Bellshill and within 3 miles to the north of Motherwell and Wishaw. Main Street is the principal thoroughfare of the town and provides access to local bus routes and links Holytown with Bellshill. The property is centrally located with fairly densely populated housing in the vicinity.