Most attractive and newly fitted LICENSED ITALIAN RESTAURANT
Price:
Leasehold - £34,000
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a newly fitted Licensed Italian Restaurant.
SPACIOUS SINGLE FRONTED RESTAURANT with quality tiled floor, attractive ceiling with inset lighting. Air conditioning/heating. Quality tables and chairs providing seating for 50 persons. Cool display serveover counter plus wooden bar with shelving, 2 group coffee machine, electronic cash register.
Fully tiled disabled cloakroom with w.c. and wash hand basin
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Level kitchen with tiled floor. The equipment includes stainless steel extractor, 6-burner gas cooker plus 1 4-burner gas cooker, double deep fryer, upright stainless steel deep freeze, upright stainless steel fridge, double sink and drainer, wash hand basin, 1 small fridge, 1 small deep freeze etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a lease having 9 years unexpired at a current rental of £18,500 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years. We are further advised that the Under-Lease is specifically excluded after renewal and is therefore outside the Landlord & Tenant Act. We further understand that there is a current service charge of £750 p.a.
Uniform Business Rates: £5,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £34,000 no offers plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, sought after SURREY
UK Non-Specific
£ 800,000
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