Licensed Italian Restaurant In Whitstable For Sale

Business description

60 - 70 covers - 7 bedroom accommodation over

This is a very well established business (1968) which has been in the present hands for some 6 years and which is now only being marketed as a result of the vendors other business interests and recent ill health.

TURNOVER – Currently £2,500 PWK @ 60% G.P.
Before the credit crunch it was some £4,500 pwk!

Property information

Property:

Leasehold

Lease terms:

Approx 9 Years remaining on original 15 year lease.

RENT - £25,000 P.A. (5 year reviews)

Leasehold rent:

£25,000 per annum

Living accommodation:

Approached via sep. front entrance. Comprising: First Floor: Kitchen: Bathroom: Shower Room: 7 Bedsit Rooms: (3 of which used by staff the remaining 4 are let at £75 PWK each.) OUTSIDE : Car park: to rear for 14 Cars.

Location:

Prominently situated fronting a busy major road on the outskirts of Whitstable serving a densely populated residential catchment area.

Premises details:

Imposing premises. Attractive frontage with single entrance via porch to: Bar Area: Tasteful décor, seating for 30/40. Large Bar/Servery: fully equipped. Sep. Ladies and Gents: W.C. Facilities. Restaurant Area: tasteful decor, 60 covers (can accommodate 70 max) at quality furniture. Sep. Ladies and Gents: W.C. Facilities. Lobby: Store Room: Wine Store: Substantial Kitchen: Fully tiled, Quarry tiled floor, Convection oven, 2 X 6 burner ranges, 2 grills, hotplate, double fryer, full extractor canopy, 2 st/stl prep surfaces, slicer, 2 upright twin door chillers, 3 chest freezers. Wash Up Area: Hobart dishwasher with potwash. Walk in Coldroom.

Other information

Trading hours:

Tues to Sat - 12.00pm to 2.00pm and 6.00pm to 10.00pm
Sun - 12.00pm to2.00pm
Mon - Closed