Licensed Italian Restaurant in Merseyside For Sale

Detached property, residential, office and commercial area, Merseyside

Turnover £ 5,000
Price £125,000

Features

Licensed Italian Restaurant

6 DAYS OPENING ~ 5 STAR HYGIENE RATING

40 SEATER BEER GARDEN

DOUBLE FRONTED PREMISES in the region of 625 ft² with tiled floor, ceiling with spot and hanging lighting. Bar, EPOS till. Tables and chairs providing seating for 40 People, CCTV system (8 cameras, 1 monitor).

Open plan kitchen area with stainless steel extractor unit, oven, 1 ring hob, 4 fridge, 1 freezer.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS)

Staff

The business is at present operated by the vendor with 1 full time & 2 part time staff.

Trading Hours

6 Day week
SUNDAY, MONDAY, WEDNESDAY - FRIDAY 12am - 9pm
FRIDAY & SATURDAY 12 noon - 11pm

Outside

Charming beer garden nestled at the back of the restaurant. Accommodating up to 40 guests, it's the perfect spot for al fresco dining and social gatherings.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2023 with reviews every 3 years (next review 2026) at a current rent of £16,800 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 £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote