Superbly Fitted And Spacious Detached Licensed Italian Restaurant | | Undisclosed Kent | | Sought after position, KENT | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66755
ADVERT IMPRESSIONS : 12,201 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £195000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : Sales year ending 31st March, 2010 £538,704 with a gross profit of £356,261 (before wages and National Insurance of £104,328).
Attractive front area with space for 4 tables and 12/14 chairs (weather permitting).
SPACIOUS RESTAURANT all refurbished and modernised approximately 5 years ago. Ceramic tiled floor, ceiling with inset lighting, under-floor central heating. 3 air conditioning units. Quality tables and chairs providing seating for 90 persons with the advantage of an attractive CONSERVATORY AREA adjoining also with ceramic tiled floor. Quality tables and chairs providing seating for in excess of 30 persons providing a total seating area in the region of 120 persons. ATTRACTIVE BAR with 2 group coffee machine, touch screen till, glasswasher, ice machine, 3 2-door sliding glass fronted counter fridges, attractive wine shelving etc.
Half tiled ladies' cloakroom with w.c. and wash hand basin
Half tiled gentlemen's/disabled cloakroom with w.c. wash hand basin plus urinal
SPACIOUS LARGE COMMERCIAL KITCHEN (new extension approximately 6 years ago) with non-slip floor and superbly equipped including large stainless steel extractor unit, stainless steel cladding to walls, 2 solid top gas cookers with ovens, 2 2-burner gas hobs, single deep fryer, 3 stainless steel counter fridges each with 9 drawers, walk-in coldroom.
Rear double garage used as storage facilities for dry goods and with walk-in deep freeze
Office
Staff toilet
Location : Sought after position, KENT
Opening Hours : CLOSED ALL DAY MONDAY
Tuesday - Friday inclusive - 12 noon - 2 p.m. & 6 p.m. - 10.30 p.m.
Saturday opening - evenings only - 6 p.m. - 10.30 p.m.
Sunday opening - lunches - 12.30 p.m. - 4 p.m.
Turnover : WE ARE INFORMED the turnover averages in the region of £12,000 p.w. inclusive of VAT, in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st March, 2010 showed sales of £504,962 (including gratuities of £31,742 and own consumption of £2,000) with a gross profit of £356,261 (before wages and National Insurance of £104,328) and a net profit of £131,577.
Tenure : WE UNDERSTAND THE PREMISES ARE HELD ON A SECURE RENEWABLE LEASE, THE PRESENT LEASE HAVING APPROXIMATELY 15 YEARS UNEXPIRED AT A RENTAL OF £44,000 P.A. EXCLUSIVE OF RATES, FIXED FOR THE NEXT 5 YEARS, WITH RENT REVIEW AT THAT TIME AND THEREAFTER AFTER THE FOLLOWING 5 YEARS. (PLEASE NOTE WE UNDERSTAND THE LANDLORD IS PREPARED TO GRANT A LONGER LEASE, IF REQUIRED).
Uniform Business Rates: £11,500 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS SUPERBLY FITTED LICENSED RESTAURANT IN THIS EXCELLENT LOCALITY. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
We understand the landlord will consider the sale of the freehold property which would include additional Self Contained Flat at price to be agreed.
Accommodation : Available as an OPTIONAL EXTRA on a shorthold tenancy at a rental of £800 per month is a SELF CONTAINED FLAT over, all modernised and with FULL GAS FIRED CENTRAL HEATING. The accommodation is at present used by staff and comrpises:
4 Single Bedrooms
Bathroom with bath, shower, w.c. and wash hand basin plus additional shower room with shower, w.c. and wash hand basin
It will be appreciated that the accommodation over could readily be converted into a 2 bedroom flat if desired.
Outside : Yard area
Staff : The Restaurant is at present operated by 2 partners (1 of whom is a chef whilst the other is front of house). Staff employed - kitchen area - 2 assistant chefs, 1 kitchen porter. Restaurant area - 3 full time waiters plus additional part time staff when required. | | | | | | FOR SALE | | | | | REFERENCE: | R2785 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
