BUSINESS AND ASSETS FOR SALEBUSINESS AND ASSETS FOR SALE – licensed restaurant

The proposed Joint Administrators are seeking parties interested in the business and assets of a Company whose principal activity is that of a licensed restaurant.

Key Features

•   Based in the North West of England
•   Currently non-trading following Coronavirus restrictions
•   Recent turnover of £25k per week
•   27 staff, all currently subject to Coronavirus Job Retention Scheme
•   Leasehold property
•   Lease term to 2029, with break clause in 2024
•   Annual rent of £115,253 plus service charge, insurance and VAT
•   Arrears due to landlord of £123,381.21
•   Lease subject to personal guarantee provided
•   Encumbered Fixtures and Fittings, with outstanding liability of £370,564

Opportunity

•   Opportunity:
•   Assets available for sale include:
•   Goodwill,

Offers

•   Fixtures and Fittings (encumbered and minimal unencumbered); and
•   Stock.
•   Offers:
•   Indicative offers are required by 17:00hrs on Wednesday 19 August 2020 with a view to completion shortly thereafter

Contact Details

Fay Dugmore
Leonard Curtis
Riverside House
Irwell Street
Manchester
M3 5EN
fay.dugmore@leonardcurtis.co.uk
0161 831 9999