Thriving Pizza Restaurant in Westgate-on-Sea For Sale

Picturesque village, historic coastal location KENT WESTGATE-ON-SEA

Turnover £ 5,000
Price £130,000

Features

Thriving Licensed Pizzeria Restaurant

5 STAR HYGIENE RATING
NET PROFIT 31st MARCH 2022 IN EXCESS OF £100,000

LARGE PREMISES in the region of 1,000 ft². Brick & wood panelled walls, Woodstrip floor, track & hanging lighting. Air conditioning. Tables & chairs providing seating for 36 persons. Counter, under-counter fridge. The equipment includes meat slicer, 2 large counter fridges, 2 top end bottle fridges, top of the range duel fuel pizza oven.

Ladies' & gentlemen's cloakrooms

Separate basement preparation room in the region of 375 ft², 2 large storage rooms & office space.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 75% approx.

Staff

The business is at present operated by the vendor with 2 full time & 3 part time staff.

Trading Hours

Wednesday - Sunday 4 p.m. - 10 p.m.

Outside

Courtyard with tables & chairs providing seating for 24 persons

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new secure renewable 15 years full repairing and insuring leaset with rent reviews every 3 years at a current rent of £14,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote