Attractive Italian Licensed Restaurant With Full On Licence | | Undisclosed Tyne and Wear | | Excellent sea front position, TYNE & WEAR | | ADVERT NUMBER : 53100
ADVERT IMPRESSIONS : 32,506 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £89500 | | | | | BUSINESS DETAILS: | Features : Established by the present owners approx. 18 months ago as Italian cuisine, which could obviously be continued, and in our opinion in view of the excellent sea front trading position, there is potential for other types of cuisine, if desired.
Front area with space for tables and chairs to -
SINGLE FRONTED SPACIOUS RESTAURANT with woodstrip floor, ceiling and wall lighting. Tables and chairs providing seating for 70 persons. Dispense bar.
Level kitchen with tiled floor. Fully equipped including stainless steel extractor unit, stainless steel cladding plus white plastic cladding to walls, 10-burner gas cookere, new pizza oven, dough mixer, 3 counter fridges, 1 upright stainless steel fridge, 1 upright commercial fridge, 1 upright deep freeze plus 1 chest deep freeze, 3 sinks, 2 wash hand basins, dishwasher etc.
First floor
Ladies' cloakrooms with 3 w.c's, 2 wash hand basins
Gentlemen's cloakroom with w.c. urinal, wash hand basin
Location : Excellent sea front position, TYNE & WEAR
Opening Hours : Monday - Thursday inclusive - 5 p.m. - 11.30 p.m.
Friday, Saturday & Sunday - 12 noon - 11.30 p.m.
Turnover : WE ARE INFORMED the turnover in the summer months is in the region of £5,000/£6,000 p.w. and during the winter months in the region of £3,000/£3,500 p.w.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 20 years unexpired at a rental of £14,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £5,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation comprises on the second floor a FLAT with FULL GAS FIRED CENTRAL HEATING, comprising:
2 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Fitted kitchen
In addition the first floor is a further FLAT comprising:
1 Double Bedroom
Large Lounge/Dining Room
Space for bathroom
Outside : Covered small yard at rear
Staff : The Restaurant is at present operated by a husband and wife team with the assistance of 3 full time and 2 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
