Description
BUSINESS FOR SALE: Established Mediterranean Restaurant For Sale in Wimborne Town Centre
LOCATION
The attractive and historic East Dorset market town of Wimborne Minster is situated approximately 5 miles north of Poole and some 10 miles north west of Bournemouth.
The town features a vibrant mixture of local and national retailers the latter including Waitrose, Fat Face, Rohan, Crew Clothing, Moshulu, Wetherspoons, Phase Eight, Mint Velvet, Sea Salt and Boots Opticians. Wimborne also boasts a strong foody scene with a good variety of restaurants, bistros, cafes and pubs.
Another of Wimborne's attractions is the ever busy Tivoli Theatre which offers live entertainment or cinema most days of the year and, in turn, leads to good pre / post theatre dining / drinking business opportunities.
Church Street offers an excellent town centre trading location being a busy, mainly pedestrian thoroughfare linking The Square and The Minster.
DESCRIPTION
Levantine operates from a characterful, two storey property and provides for some 40 covers 34 over ground and first floors plus 6 outside seats at the front.
The business, which is fully equipped for the trade, specialises in freshly made food from the south east corner of the Mediterranean. The business serves breakfast/brunch, mezze, flatbreads etc and also features daily 'specials'
Currently our clients operate easy hours and is closed in the evenings (save for occasional bespoke supper evenings which are popular) and on Sundays. As such there is good potential for the new owners, should they wish, to grow the turnover through operating longer hours.
Also, at present the restaurant is not licenced thus there is also potential to grow this side of the business.
Rating
Rateable Value £9,300
Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
LEASE
The premises currently has a passing rent of £10,200 per annum, exclusive payable monthly in advance. The current lessee is in negotiations with the landlord to secure a new lease for an incoming purchaser of the business.
PREMIUM
A premium of £28,000 is sought for the benefit of the leasehold interest, goodwill, trade fixtures fittings and equipment with stock ( if required) to be purchased in addition at valuation.
Planning
Interested parties are advised to make their own enquiries of the Local Authority for confirmation.
EPC Text
Asset Rating - D77
( Agency Pilot Software ref: 8826 )