Italian Restaurant in Kent For Sale

Situated in a parade, sought after position, KENT

Turnover £ 11,000
Price £220,000

Features

Spacious Licensed Italian Restaurant

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

Front covered patio area with tables & chairs plus settees for 30 persons

SPACIOUS RESTAURANT with quality tiled floor. 3 air conditioning/heating units. Tables & chairs providing seating for 80/90 persons.

ADJOINING LOUNGE BAR AREA with tiled floor. Attractive BAR with black granite top. Fully equipped including 2 group coffee machine, coffee grinder. Tables & chairs plus armchairs & settees plus 5 high chairs providing seating for 35/40 persons etc.

Disabled cloakroom with w.c. & wash hand basin
Ladies' cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with urinal, w.c. & wash hand basin

LARGE KITCHEN with quarry tiled floor, mainly stainless steel equipment, 2 6-burner gas cookers with ovens, 1 electric fan assisted oven, 2 deep fryers, large grill, 2-pot bain marie, 2 salamanders, walk-in coldroom, walk-in deep freezer etc.

Turnover

WE ARE INFORMED the turnover averages £11,000/£12,000 p.w. in our opinion offering terrific potential for further development in the right hands.

Staff

The business is mainly staff operated. Staff employed 3 full time waiters, 2 part time waiters. Kitchen area 2 chefs, 1 kitchen porter.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 12 noon - 10 p.m.
Sunday opening - 12 noon - 5.30 p.m.

Outside

New, purpose built, verandah providing seating for 42 customers.

Tenure

We understand the entire premises are held on a secure renewable lease the present lease having approximately 15 years unexpired at a rental of £45,000 p.a. exclusive of rates up to September, 2019. We understand from the present tenant that they do not anticipate a rental increase at the next rent revision.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote