Licensed Italian Restaurant in Bungay For Sale

SUFFOLK Market Town BUNGAY

Turnover £ 2,500
Price £94,995

Features

Licensed Italian Restaurant

5 DAYS OPENING

DOUBLE FRONTED PREMISES. Laminated strip floor, ceiling with spotlights. Bar area with seating for 18 persons. CCTV system (3 cameras).

Toilet with w.c. and wash hand basin.

5 Steps to RESTAURANT AREA. Tiled floor, chanderliers plus up lighting. Tables and chairs providing seating for 50 persons.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

KITCHEN. Stainless steel extractor unit, 8-burner gas cooker, 2-deck pizza oven, 2-pan deep fryer, commercial microwave, dough mixer, refrigerated making table, preparation table, 2 under-counter fridges.

Walk-in coldroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Trading Hours

5 Day week
TUESDAY - SATURDAY 5 p.m - 10 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £14,000 p.a.

Business Rates from April 2023 £600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £94,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,498 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote