Italian Licensed Restaurant with Court Yard in Wiltshire For Sale

Situated in a renowned Court Yard, revered trading position, High Street location, Wiltshire.

Turnover £ 6,000
Price £55,000

Features

Basement Licenced Restaurant & Takeaway Located In Renowned Court Yard

6 DAYS OPENING

5 tar hygiene rating

GROUND FLOOR ENTRANCE, stairs to restaurant. CCTV (5 cameras), carpet flooring, plasterbard ceiling with feature pendant lighting.

Tables and chairs seating 45 customers (could be increased.)

Bar - EPOS cash register, undercounter fridges, coffee machine (2 group) on lease, grinder, wash hand basin, glass washer, etc.

Kitchen - Stainless steel extractor, 6 burner gas hob, pizza oven (electric), double basket deep fat fryer, microwave, 2 large under counter triple door fridges, under counter freezer, chest freezer, ice cream freezer, double sink and drainer, diswasher, stainless steel preparation tables, meat slicer, pizza dough maker, etc.

Ladies' cloakroom with toilet and wash hand basin
Gentlemen's cloakroom with toilet and wash hand basin

Rear room used for storage with fridge, fire exit.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 6 part time staff. with There is potential and demand to increase opening hours. full time staff employed.

Trading Hours

6 Day week
MONDAY - SATURDAY 5 p.m. - 9 p.m.
CLOSED SUNDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £13,900 p.a. plus VAT

Business Rates from April 2025 £2,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote