Licensed Italian Restaurant in Kent For Sale

Excellent trading position, KENT

Price £69,500

Features

Well Fitted & Lucrative Licensed Italian Restaurant - Recently Closed Due To Other Business Interests

Newly Fitted April 2021

Front area with space for 12 persons.

ATTRACTIVE SINGLE FRONTED PREMISES in the region of 1,100 ft². Tables & chairs providing seating for 45 persons.

LARGE KITCHEN with wash-up area, non-slip floor. Fully equipped.

Large storage room

Ladies' & gentlemen's cloakrooms

Turnover

WE ARE INFORMED the turnover when trading averaged £16,000 p.w.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £2,250 per month including the cost of utilities. We understand vacant possesson of the accommodation can be made if required. The MAISONETTE comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, shower, w.c. & wash hand basin
Lounge
Separate dining room
Fitted kitchen

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a NEW SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2020 with reviews every 5 years (next review 2031) at a current rent of £34,00 p.a.. (As will be appreciated with the current rental income of £21,000 from the maisonette, the net rental payable is ONLY £7,000pa).

Uniform Business Rates 2026/2027: TBC

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote