Superior well established LICENSED ITALIAN RESTAURANT - recently closed.
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WE ARE INFORMED the turnover averaged £6,800 p.w. in our opinion offering tremendous potential further increase in the right hands. Gross profit 65% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 O.N.O.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
This attractive business is situated within a large office area and in our opinion has tremendous potential for further development in the right hands.
There is car parking for approx. 25 cars before 5 p.m. and indeed after this time there is further car parking for up to 100 cars closeby.
Full Gas Fired Central Heating
Attractive double fronted impressive Restaurant with beamed high vaulted ceiling, spot lighting, wood tiled floor. Tables and chairs providing seating for 110 people. Attractive Bar with 9 stools, optics.
Large level kitchen fully equipped including stainless steel work surfaces, 6-burner and 8 - burner gas cooker, 2-deck pizza oven, deep fryer, stainless steel extractor canopy, 1 commercial microwave, Gaggia coffee machine, commercial dishwasher, glass washer, 2 single sinks plus drainer, walkin coldroom, etc.
Attractive Veranda overlooking a large pond. Potential for additional tables and chairs for approx. 25 persons (weather permitting).
Car parking for 25 during the day. Additional parking for a total of approx. 100 car after 6 p.m.
Tenure
We understand the premises are held on a secure renewable lease, having approx. 22 years unexpired at a rental of £32,500 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 years. In addition, we understand there is a current service charge of £2,500 p.a.
