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£150,000

Old Smokey BBQ, 58-59 Mardol, Shrewsbury, UK, Shropshire SY1 1PP

  • A well-established business trading in the sale of authentic American food benefiting from an enviable reputation
  • Prominent town centre position in proximity of other leisure businesses
  • Potential for further business growth

The property comprises a substantial three storey lock premises, which ideally suits its current use as a licensed premises and the restaurant sale of authentic American food. The premises are attractively fitted out and benefit from a fully glazed shop frontage onto Mardol. The ground floor of the property comprises a retail sales area, kitchen facilities and a seating area with further seating and toilet facilities to the first floor. The rest of the upper floors provide office, staffroom and ancillary accommodation. The basement lower floor level provides a further kitchen and delivery area.
Old Smokey BBQ is a thriving restaurant and bar located on 58-59 Mardol, Shrewsbury. The business is also well known in the town for their steaks, ribs and burgers.
The business has a broad customer base attracting people of all ages and backgrounds.
Additionally the business holds various events including live music and infamous eating challenges.

BUSINESS
The business is reluctantly offered for sale by the vendors due to personal circumstances. The business offers the opportunity to acquire an established business offering the sale of authentic American food and established as a licenced premises. The potential for the business is significant and it has developed an enviable reputation and significant repeat customer base.
The opening hours of the business are currently:
Opening hours 11.30 am until 10 pm
But are allowed from 9am until 11.30pm
Detailed accounts are available to genuinely interested parties.

FIXTURES AND FITTINGS
Items usually classed as tenant's fixtures and fittings, including restaurant furniture, base fittings, decorations and pictures, cooking and kitchen equipment are included in the sale. Wet and dry stock to be purchased separately at valuation.
Further details available from selling agent upon request.

TENURE
The property is currently held on a Tenants Full Repairing and Insuring Lease . The terms of the lease are as follows:
10 year lease from 29th September 2017
Rent review in year 5
Tenants break year 5
Tenants Full Repairing lease
Rent £32,500 per annum until 28th September 2020
Thereafter £35,000 per annum
A copy of the lease is available from the selling agents upon request.

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