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Reference R2253
Features
Recently Refurbished Pizza Restaurant Plus Slight Takeaway
ATTRACTIVE SINGLE FRONTED RESTAURANT with laminated strip floor, wall & ceiling lighting. Tables & chairs providing seating for 30 persons. Small dispense bar.
GROUND FLOOR KITCHEN with tiled floor, stainless steel extractor system, wood burning pizza oven, 3-door refrigerated making table, small deep freezer, double sink & drainer, wash hand basin.
Basement half tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin
Storage area
Small office
Turnover
WE ARE INFORMED the turnover averages £10,000 p.w. including some takeaway, in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 55%.
Staff
The business is at present staff operated. 4 full time plus 5 part time staff employed.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.
Trading Hours
Monday - Thursday - 4 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 11 p.m.
Sunday opening - 12 noon - 10 p.m.
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £3,000 p.a. approx. after small business relief.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Finance
Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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