Italian Restaurant in Merseyside For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, MERSEYSIDE.

Turnover £ 1,500
Price £35,000

Features

Italian Restaurant

Licensed but not currently utilised
FORECOURT WITH SEATING FOR 16 PEOPLE.
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 430 ft² with laminated strip floor, LED lights. Bar, 2 x EPOS till. Tables and chairs providing seating for 15 People.

Kitchen with stainless steel extractor unit, Oven, Gas Cooker, Dough mixer, grill, fridge, freezer, deep fryer (2 pan), kebab machine.

Store room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. with a Gross profit of 65% approx. (70% VIA PORTALS)

Staff

The business is at present operated by 1 full time & 1 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 5pm - 10pm
FRIDAY & SATURDAY 5pm - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 6 years in 2023 with reviews every 3 years (next review 2029) at a current rent of £8,700 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote