Duke Street, Douglas, IM1 2AY

Description
The Eatery has been in operation since 2018 started by the present Owners and has flourished under their entrepreneurial and diverse management providing a profitable and popular established food venue in the centre of town attracting customers from the business community, shoppers , tourists the location lends itself to a high pedestrian footfall and presence. The food establishment consists of one main seating area off street level consisting of approximately 38 covers over a mix of table and chair configurations with the counter area to the rear there are various storage and equipment rooms at basement level including an office.
 
The business has also the benefit of a license to have table and chairs in an enclosed area on the street.
 
There are Ladies and Gents toilet facilities on the ground floor along with a shared exit/access to the rear.
 
If any potential purchaser wishes included in the sale are two websites https://nomburger.im/ andhttps;//theeateryiom.co.uk/ with the benefit of a food ordering system for customers.
 
Examples of the present menu on offer can be supplied.
 
The Business
Any interested parties requesting further information on the profit and loss accounts for the last three years will have to enter into a signed Non Disclosure Agreement and this will only be supplied with the prior permission of the Vendor. The opening hours at present are 08.30am- 4pm Monday to Sunday. The business may suit a family operation and has the potential to increase business or diversify the style/concept.

An inventory of contents/fixtures and fittings included in the sale will be supplied.

Details

Directions
Travelling along the main Duke Street pedestrian walkway towards the Douglas Library end of the street The   Eatery can be clearly identified by the signage.

Tenure
Leasehold—Assignment of Lease subject to the Landlords approval.
 
The lease commenced on the 1st July 2018 initially on a 3 year term expiring on the 30th June 2021 the annual rental is £15,600 and is presently on a roll over basis but the Tenant has indicated that the Landlord subject to status would be willing to enter into a new Lease to be discussed between parties. A copy of the Lease can be supplied.
 
 

Services & Rates

Services
Mains sewage and water, electricity, gas are connected

Rates

To be confirmed – Government and Douglas Corporation years 21/22 was in total circa £1800