Italian Restaurant in Hertfordshire For Sale

Main road trading position, SOUTH WEST HERTFORDSHIRE

Turnover £ 4,250
Price £95,000

Features

Well Established Licensed Italian Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED RESTAURANT in the region of 995 ft². Air conditioned. Laminate wood effect flooring, plaster board ceiling with spotlights. Tables and chairs seating 56 (could be increased). Bar - Welectronic cash register, 2 goup coffee mchine, knockout drawer, grinder, 3 under counder-fridges for beers and soft drinks, glass washer, wash hand basin.

Disabled cloakroom with toilet and sink

Gentlemens's cloakroom with toilet and sink

Ladies' toilet with cloakroom and sink

SEPARATE KITCHEN. Professional non-slip vinyl flooring, tube lighting. Stainless steel extractor, 2 deck pizza oven, 4 burner hob, twin basket deep fat fryer, grill, salamander, 2 chest freezers, pizza chef fridge with stainless steel counter, refigerated topping bins, triple door fridge, ice machine, 2 stainless steel preparation tables, pizza dough mixer etc

Walk-in coldroom

Dry store

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,250 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time staff and 3 part time staff. We are informed the wage bill averages £1,650 p.w. approx.

Trading Hours

6 Day week
Tuesday - Sunday - 5 p.m - 10 p.m
W- Fr 12 - 3 5 -10
Sat 8 am - 10 pm
Sunday 12 noon - 6 pm
CLOSED MONDAY

Outside

2 parking spaces

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £30,000 p.a.

Business Rates from April 2023 £2,975 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote