Most attractive old established LICENSED RESTAURANT
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire an attractive Licensed Restaurant which has been in the same hands for the past 20 years and is now solely offered for sale due to the vendors retirement. Italian 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.
ATTRACTIVE DOUBLE FRONTED SPACIOUS RESTAURANT with high ceiling, wall and ceiling lighting, fully carpeted. Wooden Bar, 2 single door glass fronted counter fridges, wine rack, sink, glasswasher. Tables and chairs providing seating for 40 persons.
Dispense/Servery area at rear with wine rack
Large kitchen with quarry tiled floor, stainless steel extractor unit, 6-burner gas cooker with oven, griddle, grill, single deep fryer, bain marie, 2 upright single door Fosters fridges, 3-door stainless steel counter fridge, 1 stainless steel table, single sink and drainer, dishwasher, wash hand basin etc.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Staff
The Restaurant is at present operated by a lady vendor with the assistance of 1 full time chef plus 1 assistant chef, 1 full time waiter plus 1 part time waitress. Wages paid in the region of £1,200 p.w. 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 for a period of 16 years from the 1st August, 2003 at a rental of £15,000 p.a. exclusive of rates up to 1st August, 2011, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £6,500 p.a. approx. + water rates
AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
