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Reference R1004

Attractive Italian Restaurant in Kent For Sale

Register to see map and to make an appointment Main road trading position, KENT

Turnover £ 17,000
Price £260,000

Features

Attractive well Fitted Licensed Restaurant

Well established as Italian cuisine, which can obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE DOUBLE FRONTED RESTAURANT with quality tiled floor, beamed ceiling, hanging lighting. Air conditioning/heating. Tables & chairs providing seating for 55 persons. BAR. 3-door glass fronted counter fridge, glasswasher, sink, 1 fridge 2 deep freezers.

Walk-in coldroom

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

LEVEL KITCHEN with quarry tiled floor, tiled walls. The equipment includes stainless steel extractor, large gas griddle, single deep fryer, stainless steel counter fridge with 2 doors & drawers, double sink & drainer, wash hand basin

Storage area with 1 glass fronted fridge, 1 additional fridge

Turnover

WE ARE INFORMED the turnover currently averages £17,000/£18,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor with the assistance of 4 full time & 3 part time staff.

Trading Hours

Monday - Saturday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 10 p.m. (last orders)
Sunday opening - 12 noon - 8 p.m.

Tenure

We understand the premises are held on a secure renewable lease from a private landlady, the present lease having approximately 10½ years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 6 months, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £4,500 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £260,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 130,000 (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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