Swiss Chalet Restaurant, Swiss House, Glen Helen, IM4 3NP

Property Description

The Business offered a varied menu, which were prepared and cooked on site using local suppliers and produce. The restaurant offers the opportunity not just to cater for lunch and evening meals, but also to offer coffee and cakes to the people that walk in Glen Helen in the mornings.

The business trades from a ground floor sales area with 90 covers and a good sized kitchen and preparation area, Ladies and Gents WC.

The property also has a large 2 bedroom apartment which is situated above the main restaurant with a large balcony area, bathroom, a large lounge / living room, kitchen and staff office

The property is subject to an internal repairing lease expiring January 2025.The current rent is £12,500 per annum rental reviews to be confirmed.

The Lease, goodwill and all equipment are for sale at £150,000 however, our client is open to a lump sum of £50,000 plus a profit share. Which would work something along the lines of; Year 1 £50,000 50%(Swiss)/50%(Seller) Profit Share. Year 2 £50,000 75%(Swiss)/25%(Seller) Profit Share. Year 3 £50,000 100%(Swiss) Profit Share. (Other deals are welcome to be suggested/discussed/negotiated).

Trade and Business
The business was operated by one chef/manager employing 1 full time staff and part time staff to cover busier periods..
Trading information may be made available to seriously interested parties following formal inspection of the property.

Travelling West and up-to the Ballacraine traffic lights, turn right and drive approximately 2 miles where The Swiss Chalet can be located on the right hand side.

All main services are connected.

All offers and negotiations through the offices of Cowley Groves & Co. Ltd.

Vacant possession will be given on completion by arrangement.

Strictly by appointment through the Agents, Cowley Groves & Co. Ltd. 9 Parliament Street, Ramsey, IM8 1AS.

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