Old Established Licensed Italian Restaurant | | Undisclosed Hertfordshire | | Situated in a Parade, excellent main road trading position, residential, office and commercial area, HERTFORDSHIRE | | ADVERT NUMBER : 47417
ADVERT IMPRESSIONS : 24,883 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £75000 | | | | | BUSINESS DETAILS: | Features : SUMMARY:
• PRICE (LEASEHOLD) £70,000
• 6 DAYS OPENING
• SOLELY OFFERED FOR SALE, DUE TO THE VENDORS RETIREMENT
• GROSS PROFIT 60/65%
• TURNOVER £3,000 p.w.
DESCRIPTION:
ATTRACTIVE RESTAURANT, ceiling with artificial beams, 2 ceiling fans, fully carpeted. Air conditioning. Tables and chairs providing seating for 48 persons. Bar with brick built facia, 2 group coffee machine, coffee grinder, glasswasher, ice machine, upright glass fronted cool display unit (for desserts and cakes), 1 upright glass fronted drinks display fridge.
Access to patio area (scope to deveop for additional seating, if desired.
Large commercial kitchen with quarry tiled floor the equipment includes 4-burner gas cooker with griddle and oven, additional 4-burner gas cooker with single oven, 4 pot bain marie, 3-door stainless steel counter fridge, gravity slicer, commercial dishwasher, sink and drainer, 2 stainless steel fridges, walk-in coldroom, 1 small deep freeze.
• Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
• Cellar with cold room. Double sink and drainer.
Location : Situated in a Parade, excellent main road trading position, residential, office and commercial area, HERTFORDSHIRE
Opening Hours : Monday - Friday inclusive 10.30 a.m. - 3 p.m. & 6.30 p.m. - 11 p.m.
Saturday opening - 6 p.m. - 11 p.m.
NO SUNDAY TRADING
Turnover : WE ARE INFORMED by the vendor the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Tenure : We understand the premises are held on a secure renewable lease from a private landlord having approximately 14 years unexpired at a rental of £18,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £3,780 p.a. approx. + water rates (metered).
RETIREMENT SALE
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Accommodation : Situated on the first floor are 2 rooms plus office. In addition there are 2 staff toilets each with w.c. and wash hand basin
In our opinion the first floor could readily be converted into private living accommodation, if desired.
In addition there is a large attic area, which in our opinion also has potential to develop into accommodation, subject to the necessary planning permission.
Outside : Rear access for deliverys and rubbish bins etc.
Staff : The business is at present operated by a husband & wife team, with the assistance of 1 full time chef plus 1 part time chef on Saturday plus 1 full time washer-up | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
