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WE ARE INFORMED the turnover averages £2,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a spacious Licensed Restaurant which has been in the same hands for the past 8 years, at present Italian cuisine, which can obviously be continued, and in our opinion in view of the main road trading position there is potential for other types of cuisine, if desired.
Spacious Air Conditioned Restaurant with tables and chairs providing seating for 75 persons. Wall lighting. Bar.
Level kitchen with tiled floor. The equipment includes 2 6-burner gas cookers, grill, large pizza oven, deep fryer, double sink and drainer.
The accommodation in the form of a SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully Fitted Kitchen
Outside
Patio plus garden
Tenure
The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £22,100 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £3,000 p.a. approx. + water rates (metered)
