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Reference R1162
Situated in a parade, excellent main road trading position, residential, office and commercial area, HERTFORDSHIRE
Turnover £ 10,000
Price
£195,000
Features
Well Fitted Licensed Italian Restaurant
SINGLE FRONTED PREMISES in the region of 2,350 ft². Woodstrip floor, suspended ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 80 persons. Bar, EPOS till,
KITCHEN. Stainless steel extractor unit, 6-burner gas cooker, 4-burner gas cooker, microwave, stainless steel preparation table, 3 under-counter fridges, 3 freezers, commercial dishwasher.
Walk-in coldroom
First floor 700 ft² used for storage
Ladies' & gentlemen's toilet with w.c. and wash hand basin
Turnover
WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 65% approx. (85% eating in)
Staff
The business is at present operated under management with 4 full time chefs, 1 additional front of house plus the assistance of part time staff as required.
Trading Hours
7 Day week
MONDAY - FRIDAY - 12 noon - 3 p.m & 5 p.m - 10 p.m
SATURDAY & SUNDAY - 12 noon - 10 p.m
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £40,000 p.a.
Business Rates from April 2022 £8,500 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.
Price
TO INCLUDE THE SECURE RENEWABLE 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
« Search more Italian Restaurants for sale in Hertfordshire
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