Italian Restaurant in Kent For Sale

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, KENT

Turnover £ 17,500
Price £300,000

Features

Renowned Traditional Italian Restaurant

6 DAYS OPENING ~ 4 STAR HYGIENE RATING

QUADRUPLE FRONTED PREMISES, in the region of 2,250 ft², - cctv (16 cameras), carpet and tiled flooring, suspended ceiling with spotlights.

Tables and chairs seating 120 people.

Bar - EPOS cash register, 2 group coffee machine, grinder, knock out drawer, under counter fridges, freezer, ice maker, glass washer, mirror backed shelving, wash hand basin, etc

Ladies' cloakroom with toilet and wash hand basin
Gentlemans' cloakroom with toilet and wash hand basin
Disabled access cloakroom with toilet and wash hand basin
Ladies clokaoom with toiler and wash hand basin

Sperated Kitchen - Stainless steel extractor, Double dec pizza oven (electric), 12 burner hob, oven, double basket deep fat fryer, Pasta boiler, hot plate, 2 fridges, pizza station with marble counter and topping bins, diswasher, microwave, dough mixer, double sink and drainer,

Walkin cold room.

Preparation Room - 2 freezers, 2 fridges, wash hand basin, microwave, stainless steel preparation table, etc,

Turnover

WE ARE INFORMED by the owner the turnover currently averages £17,500 p.w. (10 % Uber delivery) with a Gross Profit of 65% approx.

Staff

The business is at present operated by the vendor with 7 full time staff employed. with the assistance of 7 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 10 am - 10 pm
CLOSED MONDAY

Futher potential and demand to increase.

Outside

Parking for 2 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2008 with reviews every 5 years (next review 2028) at a current rent of £42,000 p.a.

Business Rates from April 2023 £6,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote