Licensed Bistro Restaurant in Hertfordshire For Sale

Situated in a parade of shops, busy road, close to Railway Station, residential area HERTFORDSHIRE

Price £85,000

Features

Licensed Bistro Restaurant (specialist Pasta & Pizza) & Coffee House

NO PARKING RESTRICTIONS

Front area with space for 4 tables & 12 chairs

SPACIOUS DOUBLE FRONTED PREMISES in the region of 1,160 ft², tiled floor, ceiling lighting. Tables & chairs providing seating for 24 persons (space to increase the seating capacity to 30/35 persons). Counter, coffee machine (2 group), coffee grinder.

LEVEL KITCHEN with stainless steel extractor system, wood burning pizza oven, 2-door refrigerated making table with refrigerated topping section, 1 big double deep fryer, microwave oven, 6-burner gas cooker with oven, walk-in coldroom, 2 chest deep freezers, 5 stainless steel tables, slicer, double sink & drainer etc.

Customers' cloakroom with w.c. & wash hand basin

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection. NO DELIVERIES ARE UNDERTAKEN

Staff

At present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

Sunday - Thursday inclusive - 12 noon - 10 p.m.
Friday & Saturday - 12 noon - 11 p.m.

Outside

Parking space at rear for 1 car

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 16 years from 2018 unexpired at a rental of £23,000 p.a. exclusive of rates with rent reviews are every 4 years.

Business Rates from April 2025 £1,000 approx. (Please contact local authority to confirm)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote