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Reference R9735

Lucrative Italian Restaurant in Kent For Sale

Lucrative Italian Restaurant in Kent For Sale
Lucrative Italian Restaurant in Kent For Sale Buy a Lucrative Italian Restaurant in Kent For Sale

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

Turnover £ 17,000
Price £295,000

Features

Well Fitted & Lucrative Licensed Italian Restaurant

Newly Fitted April 2021

Front area with space for 12 persons.

ATTRACTIVE SINGLE FRONTED PREMISES in the region of 1,100 ft². Tables & chairs providing seating for 45 persons.

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

Large storage room

Ladies' & gentlemen's cloakrooms

Turnover

WE ARE INFORMED the turnover averages £17,000 p.w. (30% in respect of deliveries).

Staff

At present staff operated. 6 full time front of house, 7 kitchen staff plus 5 drivers for deliveries.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 10pm

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 £1,750 per month including the cost of utilities. We understand vacant possesson 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 expiring in 2026 at a current rental of £20,500 p.a. exclusive of rates with rent reviews. (As will be appreciated with the current rental income of £21,000 from the maisonette, there is a profit rental income of £500).

Uniform Business Rates: £4,000 p.a. approx.

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £295,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 147,500 (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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