Italian Fast Food Restaurant in Cambridgeshire For Sale

Sought after position CAMBRIDGESHIRE with McDonalds, Costa and Subway nearby.

Turnover £ 4,800
Price £100,000

Features

Pizza, Pasta, Fish & Chips Restaurant & Takeaway

PREMISES 1,238.3ft² (115.04M²) situated in a Food location comprising 4 units including McDonalds, Costa Coffee, Subway & this Italian restaurant.

Large shared tarmaced car parking (free to use, maximum duration 2 hours)

Front side area with space for tables & chairs, if desired

SPACIOUS PREMISES with quality tiled floor, ceiling with concealed lighting.2 air conditioning units. Tables & chairs providing seating for 28 persons. Large counter with cool display section & 6-burner gas hob, large stainless steel extractor system, upright glass fronted single door fridge for soft drinks, 3-door stainless steel counter fridge with marble top & refrigerated topping section, large pizza oven.

REAR PREPARATION AREA with large mixer, stainless steel cladding to walls, stainless steel extractor, 4-burner gas hob, double sink & drainer, additional double sink & drainer, walk-in deep freezer, walk-in fridge etc.

Fully tiled ladies & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,800 p.w. (takeaways only) with a gross profit of 65% approx. We are advised the split of turnover is approximately £1,800 p.w deliveries with the balance of £1,700 takeaway. In our opinion offering further potential in the region of £5,000 p.w. once lockdown lifted.

Staff

The business is at present operated by the vendor with 1 chef & 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - FRIDAY inclusive 10am - 2pm - 4.30pm - 8pm
SATURDAY - SUNDAY 10am - 9pm

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 2012 with reviews every 5 years (next review 2022) at a current rent of £21,400 p.a. (excluding VAT)

Price

TO INCLUDE THE SECURE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote