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Reference R9528

Attractive Italian Restaurant & Coffee Shop in West Sussex For Sale

Attractive Italian Restaurant & Coffee Shop in West Sussex For Sale
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Register to see map and to make an appointment Sought after WEST SUSSEX

Turnover £ 10,000
Price £129,000

Features

Most Attractive Licensed Italian Restaurant Plus Café & Coffee Shop

LISTED BUILDING

GROUND FLOOR LICENSED CAFÉ/COFFEE SHOP. Oak tables with chairs providing seating for 36 persons. ATTRACTIVE OAK BAR, mirror-backed shelving, 2 hand pumps, sink, 6 high bar chairs.

GROUND FLOOR KITCHEN with double sink & drainer, 2-deck pizza oven, double table top deep fryer, 1 single plus 1 double induction hob, dishwasher etc.

Dedicated cool room

New walk-in deep freezer 2.5m x 3m

Unisex cloakroom with w.c. & wash hand basin

Stairs to FIRST FLOOR RESTAURANT with attractive beam uprights plus ceiling beams. Tables & chairs providing seating for 36 persons. Servery with touchscreen till, double door glass fronted counter fridge.

FIRST FLOOR KITCHEN. The equipment includes 2-deck pizza oven, 2 commercial microwave ovens, 1 4-door stainless steel counter fridge, 1 2-door stainless steel counter fridge, commercial dishwasher, single sink, stainless steel extractor, walk-in coldroom.

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

Turnover

WE ARE INFORMED the turnover is currently in the region of £10,000 p.w. inclusive of VAT in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st May, 2018 showed £460,235.46 with a gross profit of £249,546.87.

Staff

At present operated by the vendor who is a chef with the assistance of 2 full time plus 1 part time chef plus 1 part time kitchen porter. Restaurant & Café area 2 full time & 4 part time waiters/waitresses.

Trading Hours

Ground Floor - Café/Coffee Shop
Sunday - 10 a.m. - 5 p.m.
Monday - 10 a.m. - 4 p.m.
CLOSED TUESDAY & WEDNESDAY
Thursday, Friday & Saturday - 10 a.m. - 9 p.m.

First Floor Restaurant
CLOSED SUNDAY, MONDAY & TUESDAY
Wednesday & Thursday - 5.30 p.m. - 9 p.m.
Friday & Saturday - 5.30 p.m. - 9.30 p.m.
Saturday - 12 noon - 2 p.m.

Accommodation

Situated on the first floor is a LARGE REAR ROOM, which in our opinion has potential as a spacious lounge. In addition on the first floor is a shower room with shower.

Stairs to second floor comprising large room plus 1 additional room, in our opinion these could be utilized as bedrooms, if desired.

Tenure

We understand the premises are held on a 15 years full repairing and insuring renewable lease from 2009 at a current rental of £25,000 p.a. exclusive of rates with rent reviews every 5 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £129,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 64,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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