Italian Restaurants for sale in Winchester

View the "Licensed Italian Cafe/Restaurant, With Sunny Paved Forecourt Seating 50, In Historic Cathedral City Centre, Winchester, Hampshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Licensed Italian Cafe/Restaurant, With Sunny Paved Forecourt Seating 50, In Historic Cathedral City Centre, Winchester, Hampshire

Winchester, Hampshire, England

  • Leasehold Price: £100,000
  • Annual Turnover: £357,583
  • Annual Gross Profit: £244,286
Seller Reference: C3807
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Business Description
 
 
 
 
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Seller Reference: C3807
Request Details
Business Description
LOCK-UP LICENSED ITALIAN CAFÉ/RESTAURANT, WITH SUNNY PAVED FORECOURT SEATING 50, HISTORIC CATHEDRAL CITY CENTRE, WINCHESTER, HANTS. Established by Vendor 33 yrs ago & now offered for sale due to retirement. Offering a traditional Italian menu. Air-con restaurant seats 30 with large, sunny, paved forecourt – seats 50 (subject to L/A Lic). Well equipped catering kitchen with 3-phase. Accts record T/O of £357,583 (ex VAT). GP £244,286 (68.3%). Offered with new 10 yr lease at £19,000 p.a.x. – OIRO £100,000 + S.A.V. (Ref. C.3807). PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com
Trading hours:
The Cafe/Restaurant opens for morning coffee at 9.00 am, through lunch to 3.00 pm, re-opening in the evening from 6.00 pm, with last orders at 9.30 pm. During the winter months the restaurant is closed on Sunday and Monday.
Number of employees:
4
Tenure:
Leasehold
Location Details:
This well-known Italian Café/Restaurant occupies a prime location, fronting a busy main road, in the affluent, Cathedral city centre.
Leasehold Term:
We understand that a new 10 year lease is currently being negotiated with the Landlords, Winchester City Council. It is proposed that the rent will be £19,000 per annum, exclusive, subject to a rent review after the first period of 5 years.
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