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Stunning Restaurant & Wedding Venue In Long Eaton For Sale

Long Eaton, Derbyshire, UK
Asking Price:
£950,000 Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
Available on request

***Viewing essential*** The property itself is an impressive, 14,000 square foot, 2 story Victorian mill building just off the main high street in Long Eaton, a busy market town on the border of Derbyshire, Nottinghamshire and Leicestershire.

The building houses a large restaurant & bar, a wedding venue and a gym. The gym is operated by a separate company who pay a monthly rent to lease part of the property.

The Butchers Bar and Steakhouse is a thriving high end restaurant which resides on the ground floor of the premises. When the current owners purchased the property in 2016 they carried out an extensive, three month renovation to create this stunning and unique independent restaurant. The business has built a solid reputation throughout the region for outstanding food and was a finalist in the 2018 Nottinghamshire Food & Drink Awards for best out of town venue. The restaurant seats 60 and is served by the semi-open kitchen which was fully fitted with all new equipment including a large Josper charcoal oven during the initial renovation. The bar is an equally impressive space with seating for an additional 60 covers. The restaurant currently operates 5 days a week (Wed-Sunday)


To the first floor is The Westgate Suites Wedding Venue and Private Hire Space. Renovation of this space was recently completed to move the primary use from a function room to a more lucrative wedding venue licensed to hold wedding ceremonies. The venue can comfortably seat 300 for dinner, serviced by a separate catering kitchen. The business has already secured a number of wedding bookings for the next 12 to 18 months but this is also an area with huge potential to increase trade. In addition to weddings the space also has a number of regular corporate clients who use the venue during the week for events such as market research and training seminars.

The building also houses a third business, a popular gym which is operated by an external company who pay a monthly rent to lease part of the property. The gym is completely self-contained with a separate shop front and entrance to the restaurant and wedding venue.

Property Information

Property:

Freehold

Location:

On street location with access to town high street

Premises Details:

Former Victorian mill building (Not a listed property)

Size in square feet:
14,226
Planning Consent:

Pre-approved planning was granted in 2013 for 7 apartments in the unused roof space above the bar and wedding venue

Business Operation

Trading hours:

Bar & Restaurant
Mon-Tue Closed/Available for private hire
Wed-Thur 12:00–23:00
Fri-Sat 12:00–00:00
Sun 12:00–18:00

Wedding Venue
Available for hire 7 days a week

Employees:
10
Years established:
2016

Contact Information

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