Spacious Italian Restaurant in Matlock For Sale

Excellent trading position, sought after DERBYSHIRE MATLOCK

Turnover £ 5,500
Price £125,000

Features

Spacious Licensed Italian Restaurant

The restaurant has been in the same hands since 2009 & is well established as Italian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE & SPACIOUS RESTAURANT with laminated strip floor, ceiling with air conditioning inset lighting. Tables & chairs providing seating for 48 persons (can be increased). BAR with 3 hand pumps, 1 double door counter fridge, 2 group coffee machine.

LARGE OPEN PLAN KITCHEN AREA with tiled floor, stainless steel extractor with stainless steel cladding, 1 4-door stainless steel counter fridge, 1 3-door stainless steel counter fridge, 2-deck pizza oven, 6-burner gas cooker with double oven, 2 electric table top deep fryers, gas griddle, Lincat electric hob, wine fridge

WASH-UP AREA with double sink & drainer, upright stainless steel fridge, counter fridge, counter deep freezer

Disabled cloakroom with w.c. & wash hand basin

Stairs to first floor
Ladies' cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with w.c. urinal, wash hand basin

Large room in our opinion having potential for development into an additional restaurant seating area or indeed to be utilized as a function room

Turnover

WE ARE INFORMED the turnover is in the region of £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor (who is a chef) plus 4 chefs, 1 trainee chef. Restaurant area 1 full time waiter plus 1 full time waitress.
In our opinion with a more active husband & wife team, the wage bill could be reduced.

Trading Hours

Sunday - Thursday inclusive - 6 p.m. - 10 p.m.
Friday & Saturday - 5.30 a.m. - 11 p.m.
In our opinion there is terrific potential for lunch time opening if desired
We understand the restaurant is closed on Christmas Day & Boxing Day & from the 1st January - 15th January each year.

Accommodation

On the SECOND FLOOR are 5 rooms & in our opinion with refurbishment & modernisation could be utilized as private accommodation.

Tenure

The present tenant is paying a rental of £25,000 p.a. exclusive of rates. We further understand that the landlord, subject to satisfactory references, is prepared to grant a new 10/15 years lease at an initial rental of approximately £25,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present with small business relief

OUTSTANDING OPPORTUNITY TO A SPACIOUS RESTAURANT IN THIS SOUGHT AFTER DERBYSHIRE TOWN

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW 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