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Reference R9150

Italian Restaurant in Kent For Sale

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

Turnover 12,000
Price 195,000

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.

Sales year ending 30th November, 2018 showed 483,332 with a gross profit of 298,859.

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.

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 12,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 30th November, 2018 showed sales of 483,332 with a gross profit of 298,859 & a net profit of 152,264 (including directors salaries of 18,452).

Staff

At present operated by the vendor (who is a chef) with the assistance of assistant chef, 1 kitchen porter. Restaurant area 2 full time waiters, 1 part time waiter plus 1 full time waitress.

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 12 years unexpired at a rental of 22,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 4,015 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 195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 97,500 (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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