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Reference R9796

Licensed Italian Restaurant in Middlesex For Sale

Licensed Italian Restaurant in Middlesex For Sale
Licensed Italian Restaurant in Middlesex For Sale Buy a Licensed Italian Restaurant in Middlesex For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 4,000
Price £120,000

Features

Licensed Italian Restaurant

DOUBLE FRONTED PREMISES in the region of 700 ft². Tiled floor, suspended ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 40 persons, Bar, etc.

KITCHEN. Stainless steel extractor unit, 2-deck pizza oven, deep fryer, drinks fridge, refrigerated making table, 3 additional fridges, deep freezer, preparation table, double sink and drainer, commercial microwave oven.

Walk-in coldroom

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

Stock room / Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a gross profit of 65% approx. (30% delivery via Uber Eats & JustEat)

Staff

The business is at present operated by a husband & wife team with family support.

Trading Hours

7 Day week
MONDAY - THURSDAY INCLUSIVE 6pm - 10.30pm
FRIDAY & SATURDAY - 6pm - 11pm
SUNDAY 5pm - 10pm

Outside

Parking space for 1 car.

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 2019 with reviews every 5 years (next review 2024) at a current rent of £30,000 p.a.

Business Rates from April 2021 £11,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE,DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (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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