Italian Restaurants for sale in Kent

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Italian Restaurant in Kent

Kent, England

  • Leasehold Price: £173,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £14,000
Seller Reference: NB-R9150
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Business Description
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Seller Reference: NB-R9150
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Business Description
Nationwide welcomes to the market this ATTRACTIVE WELL FITTED LICENSED RESTAURANT. Main road trading position, KENT.

Well established as Italian cuisine, which can obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

Sales year ending 30th November, 2018 showed £483,332 with a gross profit of £298,859.

ATTRACTIVE DOUBLE FRONTED RESTAURANT with quality tiled floor, beamed ceiling, hanging lighting. Air conditioning/heating. Tables & chairs providing seating for 55 persons. BAR. 3-door glass fronted counter fridge, glasswasher, sink, 1 fridge 2 deep freezers.

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

LEVEL KITCHEN with quarry tiled floor, tiled walls. The equipment includes stainless steel extractor, large gas griddle, single deep fryer, stainless steel counter fridge with 2 doors & drawers, double sink & drainer, wash hand basin

Storage area with 1 glass fronted fridge, 1 additional fridge

Turnover : WE ARE INFORMED the turnover currently averages £14,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 30th November, 2019 showed £534,233 with a gross profit if £326,749 with a net profit of £134,494 (including directors' salaries of £121,982).

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £173,000 (R9150)

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