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Reference R8551

Italian Restaurant in Kent For Sale

Italian Restaurant in Kent For Sale

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

Turnover 6,000
Price 99,000

Features

Attractive Licensed Italian Restaurant

Front area with space for 2 tables & 4 chairs to

ATTRACTIVE SINGLE FRONTED RESTAURANT. Tables & chairs providing seating for 45.

LARGE KITCHEN with wash-up area, non-slip floor. Fully equipped.

Large storage room

Ladies' & gentlmen's cloakrooms

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st March, 2017 showed 235,987 with a gross profit of 155,022.

Staff

The business is at present operated by the vendor with the assistance of 2 chefs, a kichen porter, a managers and part time waiters as required.

Trading Hours

Sunday 12 noon - 4 pm
Wednesday - Thursday 6 pm - 10.30 pm
Saturday inclusive - 12 noon - 2 pm 6 pm - 10.30 pm
CLOSED MONDAY AND TUESDAY

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy & provides a rental income of 1,100 per month including the cost of utilities. We understand vacant possession of the accommodation can be made if required. The MAISONETTE comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, shower, w.c. & wash hand basin
Lounge
Separate dining room
Fitted kitchen

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 20,500 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 6,000 p.a. approx.

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 99,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 49,500 (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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