Zucci, 1 Station Road, Woodhall Spa, Lincoln, LN10 6QL
Zucci, 1 Station Road, Woodhall Spa, Lincoln, LN10 6QL Pygott & Crone 36a Silver Street Established Restaurant For Sale Including Business and Goodwill Total Floor Area 337 m² / 3,626 ft² Lincoln Thriving Business with Strong Accounts All Fixtures and Fittings Included EPC Rating - G (16) and D (94) LN2 1EW 100 covers with bar area Prominent Trading Position Mixed Use Property (with residential us to FF) 01522 536777
£650,000 BUSINESS AND GOODWILL www.pygott-crone.com
DESCRIPTION - Pygott and Crone are delighted to the edge of the Fens, Woodhall stands in charming well offer this well established family run business to the wooded surroundings close to the River Witham. Kirkstead market as a GOING CONCERN with all GOODWILL Bridge is located about 1 mile west of Woodhall Spa and is ATTACHED. The business offers a purchaser the renowned throughout the coarse fishing world. unique opportunity to acquire a prosperous restaurant business situated with a prime trading position in the ACCOMMODATION - The property comprises: heart of Woodhall Spa, a popular historic village. Description m² ft² The property comprises in all a 100 cover restaurant Ground Floor (net internal area) (potential for 150 covers), a recently fitted modern Restaurant seating area 112.5 1,211 bar, a fully equipped kitchen with preparation area, an Bar area (with seating) 40.8 439 office and male and female toilet facilities to the Kitchen 61.9 666 ground floor, and to the first floor; 5 bed room living Cellar 8.2 88.2 area, currently occupied by staff members of the Office 4.4 47.3 business. Externally, the property benefits from an Stock room 7.1 76.4 enclosed seating area which conjoins the rear bar area First Floor (gross internal area) via bi-Fold doors. 5 Bedrooms
Kitchenette 102.4 1,102 SITUATION - The business is situated within the Bathroom heart of Woodhall Spa, with frontage on to station road and Spa Road; a prime trading position. Externally, the property benefits from an enclosed seating Woodhall Spa is a most attractive large village and Spa area which conjoins the rear bar area via bi-Fold doors. resort with easy access to the Market Towns of Boston and Horncastle, the Cathedral City of Lincoln and the THE BUSINESS - Zucci is a family owned restaurant which East Coast. It has excellent facilities including schools, was established in 2012 and is to be sold as a fully banks, shops, hotels, superb tournament golf course operational business, with all associated fixture and fittings and good social amenities. Situated in a rural area on (fitted out to a high standard) included within the sale price. The business provides authentically prepared food from all across the Mediterranean region, cooked from scratch using locally sourced Lincolnshire produce and is Lincolnshire No 1 restaurant on Trip Advisor for pizza. To diversify the business, and increase revenue, the business opened a new bar in 2017 that supplies over 25 gins which has been immensely popular with evening drinkers.
The restaurant is a thriving business that demonstrates compelling audited profits (by streets accountants) with scope for future growth and improvement. Consequently, accounts can be made available by request.
Their current opening times are Mon - Sun 12-2.30pm and 5-11pm (Tuesdays – closed).
The owners are now looking to sell the business due to retirement.
LEASE TERMS - The business will be sold subject to a new lease agreement at a rent of £50,000 per annum exclusive, with all other terms remaining negotiable.
SERVICES - Pygott and Crone have been made aware that mains water, electric, drainage and gas are connected to the property. The services or installations have not been serviced or tested.
RATEABLE VALUE - We are advised from enquiries to the Valuation Office Agency Website that the 2017 rateable value is £24,250.
LEGAL FEES - Each party is to be responsible for their own legal costs incurred within the transaction.
VAT - We understand that there will be no VAT chargeable on the sale price
LOCAL AUTHORITY - East Lindsey District Council Tedder Hall Manby Park Louth LN11 8UP Tel: 01507 601111
VIEWINGS - Viewing is strictly by appointment only. Please contact Jasper Caudwell at Pygott & Crone on: Tel: 01205 359900 Mobile: 07795 358878 Email: [email protected]