Italian Restaurant and Bar in Essex For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Essex.

Price Offers

Features

Full On Licenced Italian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,750 ft² with tiled floor & wood strip floor., suspended ceiling with spot and haning lighting. Bar with seating for 7 People, EPOS till, Coffee Machine (4 Group), coffee grinder. Tables and chairs providing seating for 75 People, CCTV system (12 cameras).

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Disabled Toilet with w.c. and wash hand basin.

Open plan kitchen area, stainless steel extractor unit, 2 x Gas 6-burner Cooker, pizza oven (2-deck), 2 microwaves, 6 x fridge, 2 x freezer.
Walkin coldroom

Basement in the region of 200 ft², preparation room with stainless steel preparation table, fridge, freezer

Walkin coldroom.

Store room.

Staff room.

Staff Toilet with w.c. and wash hand basin..

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with 3 full time & 7 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 5pm - 10pm
FRIDAY - SATURDAY 12 noon - 12 midnight
SUNDAY 12 noon - 10pm

Outside

Gated yard with Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £48,000 p.a.

Business Rates from April 2024 £5,800 approx. (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 SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS, PRICE ON APPLICATION, plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.