Carrigaline, Co Cork, Carrigaline, Co. Cork

€35,000 yearly
Restaurant / Bar / Hotel To Let | 5,000 sq. feet (465 sq. metres)
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Property Overview:

  • Unit Price: €75.35 per sq. m (€7.00 per sq. ft) per year

Property Description:

Bar And Restaurant Business In Carrigaline, Co Cork For Sale

PLEASE NOTE: The Freehold of the building is NOT for sale

Asking Price: €120,000

Turnover: €900,000

Net Profit: €84,000

110 Seater Bar & Restaurant.

5,000 sq.ft. 110 Seater Restaurant, Bar & Takeaway.

(Location: Carrigaline, Co.Cork).

Business Asking Price:
Reduced asking price to reflect recently ceased trading in March 2020: €120k.
(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 14 months 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. He has closed this business. Someone will get a bargain...

Property Information
Real Estate: Lease

Daft Property Shortcode:

Date Entered/Renewed:

18/8/2020 (69 days ago)

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Carrigaline, Co Cork
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Carrigaline, Co Cork, Carrigaline, Co. Cork