Attractive Restaurant in Stevenage For Sale

Sought after position, close to the High Street, HERTFORDSHIRE TOWN STEVENAGE

Price £50,000

Features

Most Attractive & Superbly Fitted Licensed Restaurant (closed Since March 2023)

Outstanding opportunity to acquire a fully equipped Restaurant. When trading operated as mediterranean cuisine incorporating Greek, Persian & Turkish cuisine including grills & seafood.

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 710 ft². Ceramic tiled flooring, spotlights and pendants. Tables and chairs seating 45 people.

BAR. Electric cash register, coffee machine, 2 double door under counter fridges, glass washer.

SEPARATE KITCHEN. Ceramic tiled floor, tube lighting. Stainless steel extractor, charcoal grill, 6-burner hob, double basket deep fat fryer, microwave, plate warmer, double door full height fridge, salad double door fridge, under-counter, double door fridge, dessert fridge, freezer for ice cream, double sink and drainer, 2 stainless steel preparation tables, dishwasher, ice machine.

Ladies' cloakroom with tolet and sink, hand dryer.

Gentlemens cloakroom with toilet and sink, hand dryer.

Turnover

WE ARE INFORMED by the owner WHEN TRADING the turnover currently averaged £5,000 p.w. ON SHORT HOURS and no deliveries.

Outside

Out building with 2 chest freezers with stainless steel tops.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12 years in 2021 with reviews every 3 years (next review 2024) at a current rent of £13,200 p.a.

Business Rates from April 2023 £688 approx. After small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES AND FITTINGS £50,000 subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote