Most superior and spacious LICENSED ITALIAN RESTAURANT.
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WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential to further increase in the right hands. Gross profit 65% approx. We are further advised that the sales year ending 31st March, 2006 showed £292,000 inclusive of VAT.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £245,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a spacious Licensed Restaurant. We understand the entire property was virtually rebuilt approximately 8 years ago.
MOST ATTRACTIVE RESTAURANT with ceramic tiled floor, ceiling and wall lighting. Reception area with 2-group coffee machine, electronic cash register, large sweet cool display unit. Quality tables and chairs providing seating for 70 persons.
Attractive spiral staircase to first floor -
Additional seating area with wooden floor, large bar with optics, 4 door glass fronted counter display fridge, 5 door stainless steel drinks counter fridge plus 2 drawer section. Tables and chairs providing seating for an additional 30 persons.
Fully tiled gentlemen's cloakroom with w.c. 2 urinals, wash hand basin, electric hand dryer.
Fully tiled ladies' cloakroom with 2 w.c's, 2 wash hand basins, electric hand dryer.
To the rear of the ground floor restaurant is a fully equipped open plan level kitchen, the equipment includes, large pizza oven, pasta cooker, 6-burner gas hob, steak griddle, 2 deep fryers, 3 door stainless steel salad cool counter, pasta cool counter, pizza counter.
Rear wash up area with commercial dishwasher, 1 large fridge, 1 small fridge, single sink and drainer.
Staff w.c. and wash hand basin.
Staff
The Restaurant is at present operated by 2 partners with the assistance of 3 full time plus 3 part time staff.
The quite outstanding living accommodation comprises:
2 Luxury Apartments, 1 situated on the 2nd floor and the other on the 3rd floor with separate access from ground floor level. Each apartment is superbly fitted and has the benefit of Full Gas Fired Central Heating. Each comprise:
2 Double Bedrooms
Fully tiled spacious bathroom with bath, separate shower unit, w.c. wash hand basin
Fully fitted kitchen
We understand that one of the flats is at present let to a chef working in the restaurant on a shorthold tenancy at a rental of £500 per month, however, we understand that vacant possession can be given on completion.
We are further advised that if the two flats are not required for personal occupation, could be let individually at approx. £700 per month on shorthold tenancies.
Tenure
We understand the entire premises are held on a secure full repairing and insuring lease having approximately 19½ years unexpired at a rental of £42,400 p.a. exclusive of rates up to October, 2007, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £8,500 p.a. approx. + water rates
