Overview
Description
Restaurant for Sale in Little Canfield, Essex
An exciting opportunity to own a charming and well-established Italian restaurant located in the picturesque village of Little Canfield, Essex. This beautifully presented restaurant is now available for sale, offering an ideal chance for aspiring restaurateurs.
MAIN FEATURES
Modern décor
Large Outdoor Space for circa 5o covers
Well presented cosy restaurant & bar
Fully fitted commercial kitchen
Situated in local shopping centre
Large frontage of circa 20 ft
LANDLORD’S REQUIREMENTS
Rent deposit subject to references
Personal Guarantor subject references
Proof of funds
Accountant’s references
Trade references
LEASE DETAILS
Lease: Ending Sept 2029 (Inside the Act of 1954)
Tenant only Break Clause: Sept 2024
Rent: £20,000 +VAT to be reviewed every 5 years
Service Charge: £1,750 per annum
Next rent Review: Sept 2024
Premium: £90,000 (Business, Lease & FF&E)
THE PREMISES
Ground Floor: Circa 942 Sq. Ft
Business Rates: Circa £8,500 (Rateable Value: 17,500)
Currently paying £1,700 per annum due to discount
Covers: Indoor: 35 | Outdoor: 50 covers
Outside Covers: TBC
Opening Hours: 12pm till 3pm & 5pm till 11pm
Premises Licence in Place
Permitted Hours: TBC
THE LOCATION
Little Canfield, Dunmow, Essex, CM6
Parking space available
The property is located in Priors Green Local Centre which is situated at the heart of the residential expansion of Takeley that has occurred over the past 10 years. The local centre comprises of seven retail units occupied by regional and local retailers.
TRADING & FINANCIALS
Gross Sales Revenue (2022-23): Circa £9,600/week (£500,000/year) (As per the vendor)
Well trained professional staff in place
Provides Airline Catering too
Launched 2 years ago, our client has successfully established this restaurant and accumulated excellent reviews across all platforms. It is currently operated by 5 full time staff, 2 part time and 2 owners.
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
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