Italian Restaurant in Cambridgeshire For Sale

Semi-detached property, excellent trading position, residential, office and commercial area, Cambridgeshire.

Turnover £ 2,500
Price £85,000

Features

Licensed Italian Restaurant

3 DAYS OPENING
TOTAL COVERS 60 PEOPLE
5 STAR HYGIENE RATING

Semi Detached Restaurant in the region of 1,200 ft² with wood strip floor, ceiling with spot lights & Hanging lights. Bar with 10 taps, EPOS till, CCTV system (14 cameras, 1 monitor).

Tables and chairs providing seating for 24 People.

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

FIRST FLOOR

Tables and chairs providing seating for 36 People.

Kitchen stainless steel extractor unit, pizza oven (2-deck), noodle boiler, microwave, 6 burner oven, deep fryer (2 pan), 3x under couner fridge, freezer, refrigerated making table.

Preparation room, fridge, freezer, 2 stainless steel extractor preparation table.

Stock room, 4 x fridge, dishwasher

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a Gross profit of 65% approx. (30% Delivery)

Staff

The business is at present operated by the vendor with the assistance of 4 part time staff.

Trading Hours

3 Day week
THURSDAY - SATURDAY 4pm - 10pm

Outside

Rear garden / Parking space for 10 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (Brewery landlord) granted for 15 years in 2019 with reviews every 3 years (next review 2025) at a current rent of £9,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote