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Reference R6922

Italian Restaurant in Northamptonshire For Sale

Italian Restaurant in Northamptonshire For Sale
Italian Restaurant in Northamptonshire For Sale Buy a Italian Restaurant in Northamptonshire For Sale Sell a Italian Restaurant in Northamptonshire For Sale Italian Restaurant in Northamptonshire For Sale for Sale Italian Restaurant in Northamptonshire For Sale for Sale Italian Restaurant in Northamptonshire For Sale for Sale

Register to see map and to make an appointment Sought after position, close to High Street, expanding Country Town NORTHAMPTONSHIRE

Turnover 5,000
Price 70,000

Features

Most Attractive Licensed Restaurant

The Restaurant has been in the same hands for the past 10 years & is operated as Italian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

MOST ATTRACTIVE RESTAURANT with quality non-slip floor, attractive brickwork to walls, 3 ceiling fans. Tables & chairs providing seating for 50 persons. BAR area with 2 high chairs, 2 group coffee machine, coffee grinder, wooden display shelving, electronic cash register, upright double door glass fronted fridge.

LEVEL KITCHEN with non-slip floor, part tiled & part plastic cladding to walls, extractor system, 6-burner gas cooker with oven, deep fryer, electric oven, 2-door stainless steel counter fridge, 2 upright single door stainless steel fridges, upright deep freezer, double sink & drainer, wash hand basin.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of 1 full time (chef) plus 7 part time staff as required. The wage Bill is 4,500 pm.

Trading Hours

5 evenings per week
Tuesday - Saturday inclusive - 6 p.m. - 11 p.m.
THE BUSINESS IS ALSO CLOSED FOR APPROXIMATELY 4 WEEKS EACH YEAR FOR HOLIDAYS

Tenure

We understand the premises are held on a secure renewable lease for a period of 15 years from 2008 at a current rental of 13,000 p.a. exclusive of rates. We are advised that the rent reviews are every 3 years.

Uniform Business Rates 2017 / 2018: NIL

EPC Rating D (84)

AS STATED 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

REDUCED FOR EARLY SALE DUE TO ILL HEALTH

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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