Licenced Italian Restaurant For Sale

Business description

50 COVERS - PRIME LOCATION

This is a well established concern which has been in the present hands for 4 years and which is now only being marketed as a result of partnership dissolvement.

TURNOVER – £5,000 PWK @ 60% G.P.

Property information

Property:

Leasehold

Lease terms:

6 years remaining on a 15 year lease.

RENT: £18,500 P.A. (5 year reviews – next review 2012)

Leasehold rent:

£18,500 per annum

Location:

These superbly presented premises occupy a prominent trading position fronting the High Street of this prosperous Kent Town being close to multiple stores, banks and offices. The business serves a well populated affluent residential area.

Premises details:

Attractive frontage with single entrance to: Restaurant area: Tastefully decorated and furnished to accommodate some 50 covers max, air con unit. Bar/Servery: Fully equipped including 2 group espresso machine, wine chiller. Sep. Ladies and Gents: W.C. facilities – fully tiled. Kitchen: 6 burner range, 4 burner range, grill, oven, extractor canopy, 2 microwave ovens, hot cupboard, upright chiller, under counter refrigeration, deep st/stl sink, dishwasher.

OUTSIDE – Yard: to rear. Store Room:

Business Operation

Trading hours:

12.30pm to 3.00pm and 6.00pm to 10.00pm - Tues to Sat (11.00pm close Fri and Sat)
12.00pm to 4.00pm - Sun

Employees:

Run by 2 Partners and 4 Part timers