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Reference R8568

Restaurant in West Sussex For Sale

Register to see map and to make an appointment Sought after locality WEST SUSSEX

Turnover 7,000
Price 160,000 / 985,000

Features

Attractive Detached Licensed Italian Restaurant

Parking available

ATTRACTIVE & SPACIOUS RESTAURANT with quality tiled floor. Gas Central Heating. Air conditioning. Tables & chairs providing seating for 50 persons. ATTRACTIVE BAR with 2 group coffee machine, glass fronted fronted fridge, sink.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

FULLY EQUIPPED LEVEL KITCHEN

To the rear of the restaurant are 2 upright stainless steel fridges, 3-door stainless steel counter fridge.

Turnover

WE ARE INFORMED the turnover averages 7,000/8,000 p.w. including takeaway, in our opinion there is terrific potential to introduce deliveries if desired & indeed for additional opening hours.

Staff

The restaurant is at present operated by the vendor with the assistance of staff.

Accommodation

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

4 Bedrooms (1 double, 3 singles)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Kitchen

Outside

Forecourt parking for 2 cars plus rear parking for 4/5 cars

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of 45,000 p.a. exclusive of rates for the first 4 years increasing at that time to 48,000 p.a. exclusive of rates for the following 4 years with a further increase at that time to 51,000 p.a. exclusive of rates for the following 4 years with a final increase at that time to 54,000 p.a. exclusive of rates for the remaining 4 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 160,000 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 985,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 80,000 (lease) 689,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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