Traditional Italian Restaurant in West Sussex For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, West Sussex.

Turnover £ 3,400
Price £74,500

Features

Traditional, well Established, Licensed Italian Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 900 ft² - Carpet flooring, plasterboard ceiling with wall lights.

Tables and chairs seating 40 people (could seat 50)

Bar - Coffee machine (2 group), knock out draweer, grinder, glass washer, double door fridge, cash register, wash hand basin.

Kitchen - Stainless steel extractor, Grill, 6 burner hob, 2 burner hob, 6 ltr single basket deep fat fryer, double deck pizza oven, dough mixer, microwave, upright freezer, single door upright fridge, 2 under counter fridges, double sink and drainer, hand wash basin, stainless steel preparation table, grease trap, etc.

Pizza preparation area.

2 cloakrooms each with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,250 p.w. - £3,500 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 5 pm - 10 pm

CLOSED SUNDAYS, BANK HOLIDAYS & BETWEEN CHRISTMAS AND NEW YEAR

Accommodation

THE ACCOMMODATION entrance via the business to Flat comprising;

First Floor;

Bathroom with bath (shower over) , toilet and wash hand basin.


Fitted kitchen / diner

Living room

Second floor;

1 Large and 1 smaller double bedroom.

Outside

Yard

Secure outbuliding used for stock with freezer, 3 under counter fridges.

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 £18,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001, AND OFFERED FOR SALE SOLELY DUE TO OWNERS' RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £74,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote