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WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. including deliveries, in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £79,500 plus STOCK AT VALUATION (£3,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Features
Outstanding opportunity to acquire an attractive Licensed Restaurant at present Mediterranean cuisine, which could obviously be continued and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.
DOUBLE FRONTED RESTAURANT with woodstrip floor, wall and ceiling lighting. Tables and chairs providing seating for 40 persons. Small dispense bar.
Kitchen at rear with non-slip floor. 8-burner gas cooker with oven, double pizza oven, 2 deep fryers, refrigerated making table, 3 stainless steel fridges, 1 additional fridge, 1 chest deep freeze, large sink and drainer, wash hand basin.
Storeroom
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.
Staff
The Restaurant is at present operated under management. Staff employed 1 full time manager, 1 full time chef, 2 part time chefs, 2 part time waitresses. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
We understand the premises are held on a secure renewable lease having approximately 12 years unexpired at a rental of £10,400 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £1,900 p.a. approx. + water rates
