Spacious Licensed Italian Restaurant In Nottinghamshire For Sale

Business description

SPACIOUS DOUBLE FRONTED RESTAURANT with attractive woodstrip floor, ceiling with inset lighting, wall lighting. Full Gas Fired Central Heating. Well equipped including tables and chairs providing seating for approximately 100 persons. Attractive spacious wooden bar, 2 glass fronted double door counter fridges, glasswasher, ice maker, 2 group coffee machine, coffee grinder, sink.

Storeroom for wines

Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with w.c. urinal and wash hand basin

LARGE LEVEL KITCHEN with non-slip floor. Well equipped including stainless steel extractor, stainless steel cladding to walls, 2 6-burner gas cookers with ovens, charcoal grill, upright double door stainless steel fridge, double deep fryer, double-deck pizza oven & 1 conveyor oven, 2 2-door glass fronted counter fridges, 1 single door glass fronted fridge, 1 additional 3-door glass fronted counter fridge, chest deep freeze, upright deep freeze, upright fridge/freezer.

In addition to the main kitchen and at rear is a further kitchen utilized solely for deliveries in respect of the preparation of pizzas, burgers, kebabs, pastas and rice dishes. The deliveries at the business commenced approximately 1 year ago and in our opinion has terrific potential for further development. This kitchen also has a non-slip floor and is well equipped including single deck Zanolli conveyor belt pizza oven, kebab machine, additional stainless steel extractor, stainless steel cladding to walls, double deep fryer, 2 stainless steel tables, sink and drainer, upright double door glass fronted display fridge (on loan), upright stainless steel double door fridge/freezer, large mixer, dough roller, glass fronted fridge, refrigerated unit for toppings etc.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the Restaurant at a rental of £19,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (If a shorter or longer lease is required, the vendor is quite happy to discuss this).

Uniform Business Rates: £1,000 p.a. approx. (after small business relief)

THIS QUALITY RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

Available as an OPTIONAL EXTRA on a shorthold tenancy is a SELF CONTAINED FLAT over, all refurbished and with QUALITY NIGHT STORAGE HEATERS at a rental on a shorthold tenancy of £400 per month. The FLAT comprises: 2 Bedrooms (1 large double, 1 single) Bathroom with bath, shower over bath, w.c. and wash hand basin Large Lounge Fully fitted kitchen In addition there is a second FLAT, also refurbished and in GOOD CONDITION, available as an optional extra on a shorthold tenancy at a rental of £350 per month. This FLAT comprises: 1 Double Bedroom Shower room with shower, w.c. and wash hand basin Lounge with open plan kitchen

Location:

Situated in a parade, excellent main road trading position, Country residential town, NOTTINGHAMSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £5,000 p.w. in our opinion offering tremendous potential for further development, especially with additional opening hours. (Included in the turnover is deliveries and slight takeaway of £1,500 p.w).

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

The Italian Restaurant is open 6 evenings per week - Monday - Thursday inclusive - 5.30 p.m. - 10 p.m.
Friday & Saturday - 5 p.m. - 11 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours.

The Home Delivery Business which is operated from the rear kitchen with side access operates 7 evenings per week from 5 p.m. - 11.30 p.m.

Employees:

The Restaurant is at present operated by the vendor who is a chef plus 2 part time kitchen staff. Restaurant/Bar area 1 full time plus 2 part time.Takeaway Section operated by part time staff.

Other information

Financing available:

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