Immaculate Italian Restaurant in Cambridgeshire For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, CAMBRIDGESHIRE.

Price £89,500

Features

Immaculate and Ready To Open Licensed Italian / English Restaurant

FORECOURT SEATING 20 PEOPLE

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 750 ft², CCTV (6 cameras), Tiled flooring, supended ceiling with spot lights, television.

Tables and chairs providing seating for 27 People.

Bar - EPOS cash register, under counter fridges, ice maker, coffee machine (2 group), grinder, knock out drawer, wash hand basin, mirror backed shelving.

Ladies cloakroom with toilet and wash hand basin.

Gentleman's cloakroom with toilet and wash hand basin.

SEPARATE KITCHEN - Stainless steel extractior, 9 burner hob, Rationale Oven, grill, double basket deep fat fryer, single basket deep fat fryer, microwave, heated cabinet, heat lamps, plate warmer, 3 fridges, 2 chest freezers, dish washer, double sink and basin, stainless steel preparation table, etc,

Store room.

Turnover

WE ARE INFORMED by the owner the turnover, when trading, averaged £10,000 p.w. with a Gross profit of 65% approx.

Outside

Garden with retractable roof, television screen, with quality tables and chairs providing seating for 50 People.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £20,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote