Hampshire Attractive Well Equipped Licensed Italian Café Restaurant For Sale

Business description

Front area with 2 tables and 4 chairs (can be increased) Licence fee payable of £200 p.a.

ATTRACTIVE & SPACIOUS LICENSED ITALIAN CAFÉ/RESTAURANT. New shop approximately 14 months ago (can be open front - weather permitting). Quality woodstrip floor, ceiling with inset spotlighting. Air conditioning/heating unit. Tables and chairs providing seating for 45 persons (can be increased to accommodate 60 persons). Dispense bar, Gaggia 3 group coffee machine, coffee grinder, 3 single door glass fronted counter fridges, 1 small deep freeze, upright glass fronted drinks display fridge, ice machine.

Fully tiled cloakroom with w.c. and wash hand basin

FIRST FLOOR SPACIOUS KITCHEN with dumb waiter to ground floor restaurant. The kitchen has an industrial non-slip floor and is fully equipped including stainless steel extractor system, 2 6-burner gas cookers, double deep fryer, 7 stainless steel tables, 4-door stainless steel counter fridge with refrigerated topping section, Lincat plate warmer, large grill, double sink and drainer, commercial dishwasher, walk-in coldroom, 2 chest deep freezes, 2 upright small deep freezes, 2-deck pizza oven, dough mixer, 2 microwave ovens, upright stainless steel fridge, fridge/freezer.

Adjoining store area with metal shelving, 1 additional deep freeze, 1 fridge/freezer, additional pizza oven, gas grill plus rice cooker.

Additional fully tiled cloakroom with w.c. and wash hand basin
Shower room plus washing machine

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a current rental of £30,000 p.a. exclusive of rates. (We understand the rent is currently under review for the next 3 years, however, the present owner is confident that the rent will not be increased for the next 3 years). We further understand the rent reviews are every 3 years.

Uniform Business Rates: £10,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, HAMPSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 77% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Thursday inclusive - 9 a.m. - 3.30 p.m. & 5.30 p.m. - 10 p.m.
Friday & Saturday - 9 a.m. - 3.30 p.m. & 5.30 p.m. - 11 p.m.
Sunday opening - 9 a.m. - 5 p.m.

Employees:

The Restaurant is at present operated by the vendor with the assistance of 4 full time and 1 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance