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Bar And Restaurant With Franchise Resale For Sale

Cork City, Cork, Ireland
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110 Seater Bar & Restaurant - Franchise Resale
5,000 sq.ft. 110 Seater Restaurant, Bar & Takeaway - Franchise Resale.

(Location: large town in Co.Cork).

Business Asking Price: €290,000 (sale does not include the Freehold property).

T/O: €900,000 (in first year of business).

Net Profit: €84,000 (in first year of business).

Modern 110 seater restaurant (with bar) fitted-out to a high standard around one year ago. Two floors.

Full bar license.

Rent: €35,000 p.a.

Rates: €10,500 p.a.

Lease: 25 Year Lease (24 years remaining).
(Real Estate Agent / Solicitor will be dealing with the lease element).

Great potential to grow the restaurant and takeaway with additional marketing and also to develop the bar side of the business (full bar license).

Reason For Sale:
Owner has another food business and has realised he doesn’t have the time to run two businesses.

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