Spacious Freehold/leasehold Licensed Italian Restaurant | | Undisclosed Kent | | Situated in a parade, excellent trading position, KENT | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65040
ADVERT IMPRESSIONS : 7,053 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | FREEHOLD: | £620000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : PLESASE NOTE THAT NO. 8 EDEN PARK AVENUE IS A FREEHOLD PROPERTY comprising GROUND FLOOR RESTAURANT seating approximately 40 persons plus large BAR and fully equipped kitchen. Spacious 4 bedrooms, 2 bathrooms accommodation over whilst NO. 6 EDEN PARK AVENUE is in fact held on lease representing an adjoining and inter-communicating part of the restaurant with 3 cloakrooms. In addition over is a self contained 2 double bedroom flat, at present let and producing a rental income of £190 per week. This part of the property is held on a secure renewable lease from a private landlord, the present lease having approximately 10 years unexpired at a current rental of £14,000 p.a. exclusive of rates, with rent revisions.
Attractive forecourt area with large sunblind, quality paving slabs to floor. Tables and chairs providing seating for 20 persons.
SPACIOUS & MOST ATTRACTIVE RESTAURANT with ceramic tiled floor, ceiling with lighting. 2 air conditioning units (cold air only) in addition the restaurant has full gas fired central heating. Tables and chairs providing seating for 90 persons (can be increased to accommodate in excess of 100/110 persons, if desired). ATTRACTIVE & SPACIOUS BAR with wooden top, mirror-backed shelving, 2 double door glass fronted counter fridges, 1 upright counter deep freeze, optics.
SERVERY AREA with 3 door stainless steel glass fronted counter fridges, 2 group coffee machine, coffee grinder, sink and drainer.
LARGE CATERING KITCHEN with non-slip floor. Well equipped including stainless steel extractor unit, 2 solid top gas cookers with ovens, 6-burner gas cooker with double oven, salamander over, 4-burner gas cooker with oven, stainless steel cladding to walls, 2 2-door stainless steel counter fridges, electric double deep fryer, electric gravity feed slicer, electric oven, glass topped ice cream deep freeze, dough machine, 3 stainless steel tables, hotplate cupboard with cerramic tiled top with heated lamps.
WASH-UP AREA with sink and drainer, dishwasher, wash hand basin
REAR FREEZER AREA with 2 chest deep freezes, 1 upright deep freeze, walk-in coldroom.
Disabled/ladies' cloakroom with w.c and wash hand basin
Separate additional ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with urinal, w.c. and wash hand basin
Location : Situated in a parade, excellent trading position, KENT
Opening Hours : Tuesday - Friday inclusive - 12.30 p.m. - 2.30 p.m. Evenings - 6 p.m. - 10.30 p.m.
Saturday - evenings only - 6 p.m. - 10.30 p.m.
Sunday - 12 noon - 4 p.m.
Turnover : WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Tenure : As stated No. 8 Eden Park Avenue is Freehold whilst No. 6 Eden Park Avenue is held on a secure renewable lease having approximately 10 years unexpired at a current rental of £14,000 p.a. exclusive of rates. We are advised that there was a rent review last year, however, no increase has been requested. We are further advised that the rent reviews are every 5 years.
Uniform Business Rates: £5,500 p.a. approx.
PLEASE NOTE THAT WE ARE OF THE OPINION THAT THE FREEHOLD VALUE AT THE PRESENT TIME IS PROBABLY IN THE REGION OF £475,000. IT SHOULD ALSO BE NOTED THAT THE VENDOR, IF REQUIRED, IS PREPARED TO PROVIDE APPROXIMATELY 6 MONTHS HELP ON COMPLETION TO ASSIST THE PROSPECTIVE PURCHASER IN THE RUNNING OF THE BUSINESS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, LEASE, GOODWILL, FIXTURES & FITTINGS £620,000 plus STOCK AT VALUATION.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : Situated over No 8 Eden Park Avenue which is the freehold part of the Restaurant is SPACIOUS accommodation in the form of a MAISONETTE with FULL GAS FIRED CENTRAL HEATING, comprising:
4 Bedrooms (3 doubles, 1 single)
2 Bathrooms each with bather, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
In our opinion there is potential to convert this accommodation into 2 self contained flats, subject to obtaining the necessary planning permission.
Over the Restaurant area comprising No. 6 Eden Park Avenue is a SELF CONTAINED FLAT also with FULL GAS FIRED CENTRAL HEATING and comprising:
2 Double Bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen
This accommodation is currently let to the vendor's chef and provides a rental income of £190 per week.
Outside : Yard at rear with garage used for storage purposes and 2 parking spaces
Staff : The restaurant is at present operated by the vendor with the assistance of 2 full time chefs plus 1 kitchen porter. Restaurant area - 1 full time waitress, 1 full time waiter, 1 part time waitress plus 1 part time waiter. | | | | | | FOR SALE | | | | | REFERENCE: | R2606 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
