Real estate with working restaurant for rent/sale.
Reason for renting out/selling – retiring.
Real estate with working restaurant is located in the historic centre of Budapest, on the famous restaurant street. The real estate is situated on the corner of two streets with strong pedestrian traffic. The real estate consists of 3 levels and has 7 big windows and 3 entrances from both streets.
Rent Price: 10,500 Euro/month + utilities
Sale price: 2,220,000 Euro
Deposit: 3 month’s lease price
Long renting contract for min. 5 years with financial guarantee.
Price includes: company with working business, leasehold for real estate, equipment, personnel, leasehold for summer terrace, all necessary licenses for restaurant, kitchen (HACCP) and selling of alcoholic drinks.
Real estate is 800 sq. m. in total.
Ground floor: 234 m2 (restaurant with 2 dining rooms and bar space)
First floor: 180 m2 (kitchen, storage for kitchen commodities, cloakrooms, office)
Basement_1: 217 m2 (restaurant with 2 dining rooms and open kitchen)
Basement_2: 62 m2 (WC, powerhouse)
Basement_3: 107 m2 (storage for furniture and other products)
Total capacity: 230-240 seats inside and 70-90 seats outside.
The building was constructed in 1870.
The property was totally renovated in 2003. Electricity, gas, water supply, windows and doors were replaced. The air-conditioning system (separate for each level), video-control system and lift were built in.
Restaurant has 2 dining rooms and the bar on the ground floor with total capacity of 130 seats.
There are two more dining rooms in the basement with total capacity of 100 seats. Also there is an open kitchen in the basement.
Totally equipped kitchen for 300 portions with storage spaces, cloak rooms for personnel, office are situated on the first floor.
Open-air terrace with 80 seats is being rented from the local municipality and is open from April till November. Each level has a separate entrance from the street with one additional entrance for the supplies.
Originally opened in 1970 this traditional, fully licensed restaurant has been under the current ownership since 2000. Specializing in authentic Hungarian dishes this business, has been a firm favourite for over three decades serving authentic, well-cooked and reasonably priced food to its predominantly local Clientele. The premises are very prominently situated in a downtown of Budapest on a historical Ráday Street. Customers enjoy a fine, relaxed and friendly atmosphere in which to dine. With its fresh linen tablecloths and napkins, candlelight and easy live background music, the décor is warm, welcoming and comfortable - all the essential ingredients for an excellent evening out. Over the years this restaurant has built an excellent reputation for offering good service, an excellent and varied wine list and wholesome traditional Hungarian dishes, utilizing fresh ingredients that are cooked to order. The restaurant’s modern kitchen enables the provision of consistently first class quality food in supremely comfortable surroundings. Many customers are the second generation of this business’s original Clientele having been introduced to the delights of this restaurant by parents and family.
The property’s benefits:
- Restaurant is located in the city center, on the popular route of tourists and local residents in Budapest.
- The property is situated in an intersection
flanked by heavy pedestrian traffic
- Restaurant is located near the Kalvin Square metro station and several other major public transport hubs and close to the Central Market
- Car parking is easy to do on renovated charming neighbourhood streets or in local parking house
- The restaurant is located on the famous "restaurant street", which attracts many guests there
- Popularity of the restaurant and a good reputation among the local population
- The restaurants maintained good relations with many travel agencies from Hungary and abroad, due to this the large number of foreign tourist group hits the restaurant all year round
- Restaurant’s quality and reputation proved by the high rating on Tripadvisor
- The place was specifically designed and constructed for the demanding targets of restaurant usage
- The property is totally renovated, further significant
investment is not necessary
- There are no problems and disputes with the house Management Company and the tenants