Restaurants for sale in Bromley

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Well Presented Italian Restaurant in Bromley

Bromley, Kent, England

  • Leasehold Price: £100,000
  • Annual Turnover: £290,000
  • Annual Gross Profit: £135,200
Seller Reference: 6067
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Business Description
 
 
 
 
 
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Seller Reference: 6067
Request Details
Business Description
Established Since 2016
Annual Turnover £290,000
Gross Profit £135,200
150 Seat Restaurant
Easily Adapted to An Alternative Menu
EPC - E
REF 6067 – Leasehold Italian Restaurant

Blacks Brokers are proud to bring to the market this leasehold Italian restaurant located in a busy and much sought-after area of Bromley, Greater London.

INTRODUCTION

Studio Gusto has been trading on High Street since November 2016 and over that time it has firmly established itself within the local community, gaining a large customer base and a superb reputation. The business has A3, A4 and A5 planning in place.

LOCATION

Located on the High Street in the centre of Bromley in Kent, the business is within easy walking distance of Bromley South Rail Station, The Bromley Mall shopping centre and all major town centre bus stops. This area is popular with commuters and city workers and is densely populated both residentially and commercially.

REASON FOR SALE

Studio Gusto is only being offered for sale due to our client’s other business interests.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The current lease is 15 years with rent reviews every 2. The current lease began in 2016 at a cost of £66,000 per annum, raising to £72,000 in November of 2018.

BUILDING LAYOUT AND DESIGN

Studio Gusto is housed within a spacious, three storey, mid-terraced retail unit within a busy parade of shops. The business is very well branded with modern signage displayed above a fully glazed frontage and matching canopy. Inside, the restaurant is divided over the ground and first floor. The ground floor offers seating for 95 with a superb, fully stocked bar running down the right-hand side which offers seating for an additional 10 customers. The bar/servery benefits from a dumbwaiter from the kitchen above. The first-floor houses seating for an additional 55 along with fully equipped, professional kitchens and food preparation areas. Customer toilets are also located on the first floor.
On the second floor is a private office, utility room, bathroom and staff room.
Each area is finished to a very high standard with great attention to detail with modern décor and wooden flooring throughout. All fixtures, fittings and equipment is of good quality.

STAFF

Studio Gusto is currently operating with four full-time and two part-time members of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Studio Gusto has traded solidly over its trading history. The business generates an annual turnover of £290,000 with gross profits of £135,200.

SUMMARY

This leasehold business is well-established and has a superb reputation. There is plenty of scope to develop the business further with a good marketing campaign and a stronger online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
All fixtures and fittings are included within the sale. A full inventory can be supplied by the vendor if required.
Trading hours:
MON: 12:00 - 15:00
TUE: 12:00 - 22:00
WED: 12:00 - 22:00
THU: 12:00 - 22:00
FRI: 12:00 - 23:00
SAT: 12:00 - 23:00
SUN: 12:00 - 21:00
Tenure:
Leasehold
Location Details:
Bromley
Leasehold Term:
72,000 per annum for first year
Listed by:
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