*Rare Opportunity to Acquire One of the Islands Most Well Known and *Loved Licensed Restaurants, Featured in the Department of *Tourism ‘Taste of Man Quality Guide’
*In the Same Ownership for Over 28 Years
*Well Established and Enviable Reputation for High Quality Food and *Service
*Situated in a Prime Location on Douglas Seafront
*For Sale as a Going Concern - Fully Equipped for 65 Covers
*All Kitchen Equipment Included - Inventory Available
The L’Experience Restaurant has been part of the Manx fine dining scene for over 28 years. Run by the husband and wife team of Tony and Gill Quirk the restaurant has earned an enviable reputation not only for the consistent high quality of the food but also the whole dining experience.
Tony and Gill have decided that it is now time for them to take a well earned rest and to pass on the opportunity for a new owner to carry on with the success of this popular restaurant.
The restaurant is fully equipped for two services so that the purchaser can start trading immediately.
The centrally heated and partially double glazed premises are leasehold and the existing lease expires in September 2013. The leaseholders are currently in negotiation with the landlord to extend the lease for a further 6 years commencing in 2013. The existing lease is available for inspection. The current rent is £15,700 p.a. with a rent review due in 2010. The lease is a full repairing lease.
The restaurant trades very successfully and has built up a long record of posting healthy profits. Current accounts are available for inspection.
The restaurant currently trades for 220 days of the year and therefore there is a excellent opportunity to increase turnover and trade by opening on a daily basis throughout the year.
DIRECTIONS TO THE PROPERTY
Travel along Douglas Promenade from the direction of the Sea Terminal heading towards Onchan. Proceed all the way past the Queens Public House towards the end of the promenade and where the road carries on round you will find the junction with Summerhill Road which carries on straight up the hill towards Onchan. L’Experience will be found at the bottom of the hill on the left hand side.
GROUND FLOOR
ENTRANCE PORCH Glazed to the front with entrance doors on both sides from the main road. Coat rack. Double doors into the restaurant.
THE RESTAURANT 29'4" (8.94 M) x 24'9" (7.54 M) approx. The French theme of the restaurant is very evident and creates a great atmosphere especially in the evenings when the candles are lit on each table. The restaurant is open plan making service easy. Off the restaurant there are doors to the Ladies and Gents toilets and to the main service areas and kitchens.
BAR Through the door from the restaurant there is small bar and drinks dispatch area leading into the office corridor.
OFFICE AREA At the entrance to the kitchen there is an area for all the glassware and desk with telephone and CCTV. Doors leading to the kitchen, staff toilet and wine room.
KITCHEN 22'7" (6.88 M) x 15'8" (4.78 M) approx. Fully equipped - meeting all current regulations - inventory available.
WINE ROOM There is a secure store which has been racked out as a wine cellar.
STAFF TOILET
DOOR TO OUTSIDE YARD
YARD The rear yard is accessed down the side of the restaurant by a shared drive. In the yard is a freezer room and also a separate store for fresh vegetables.
STAFF ROOM AND STORE ROOM Off the yard is a staff rest room and off the room is a general store room.
Owner's Notes:
AGENTS NOTES
SERVICES Mains water, electricity and drainage are installed.
RATES Rateable value £364. Approx rates payable gross £2,023.29 (inclusive of water rates) 2008/2009.
INCLUSIONS All kitchen equipment, tables, chairs, soft furnishings, glassware, crockery, cutlery etc.
VIEWING Strictly by appointment through the Agent, Harmony Homes.
OFFERS Strictly through the Agent, Harmony Homes.
POSSESSION LEASEHOLD VACANT POSSESSION ON COMPLETION.
MORTGAGES Completely free and totally independent financial advice, contact Financial Services based in our Douglas office on 616201.
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We can give you information on all the local lenders rates and advise on which one will offer you the most suitable mortgage. Appointments are not always necessary and can also be held at our Port Erin office. (835252), Ramsey (818222) and Peel (845252) offices on request.
We also offer a free 'Complete Financial Review' service, covering Mortgages, whether existing or new, Protection Arrangements, Retirement Planning and Investments.
This service is available to everybody, regardless of whether you are buying or selling your house through us. Let Harmony Homes help you.
INSURANCE Harmony Homes is now licensed by the Isle of Man Insurance & Pensions Authority, in respect of General Insurance Business. Let us arrange your building and contents insurance. Please contact John Shields on 616201 for a quotation.
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