Licensed Italian Restaurant in Kent For Sale

Situated in a Parade, busy road, residential, office and commercial area, SIDCUP, KENT.

Turnover £ 6,000
Price £125,000

Features

Licensed Italian Restaurant

4 STAR HYGIENE RATING

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,000ft². Air conditioning with hot air. Laminated wood effect strip floor, suspended ceiling with spot lights and pendants. Tables and chairs providing seating for 48 persons.

BAR 3 door under-counter fridge, sink, wash hand sink, cupboard, 2 group coffee machine (owned)

3 steps up to . .

Unisex toilet

Door to Kichen, industrial non-slip floor, suspended ceiling with fluorescent lighting, stainless steel extractor with canopy. 4 burner gas hob, oven, 2 deep fryers, electric double deck 2 x 2 pizza oven, marble topped 3 door pizza fridge, preparation fridge, freezer with preparation surface, fridge/freezer. Double sink with drainer, dishwasher, wash hand basin, stainless steel preparation table.

Store Room - with large fridge, large freezer, chest freezer, drinks fridge, desert preparation surfaces.

Staff rest area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 - £6,500 p.w. with a gross profit of 65% approx. (£500 p.w. via Uber Eats)

Staff

The business is at present operated by the vendor with 3 full time and 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 11 a.m - 3 p.m & 6 pm - 10 p.m

We are advised there is demand and scope for increased opening hours.

Outside

Parking at rear for 3 cars

Tenure

The Vendor ownes the freehold and is prepare to grant to an approved applicant a NEW 10 years lease with rent reviews every 4 years at an initial rent of £24,000 p.a.

Business Rates from April 2025 £3,400 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE DECEMBER 2017 AND IS SOLELY OFFERED FOR SALE, DUE TO OTHER BUSINESS INTERESTS.

N.B. The Landlord's costs will be shared equally between the vendor and the purchaser.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote