Licensed Restaurant In Moreton For Sale

Business description

Moreton, Wirral

Well Presented Restaurant

75-100 Covers

Central High Profile Location

Modern Refurbished Premises

Viewing Recommended

Leasehold

Business History:
The business was established in April 2006 when the owners moved to England from Italy. The premises were formerly a bank and have been skilfully altered by removing internal walls and an extension to provide a 75-100 cover restaurant which was well presented at the time of our visit. The owners imported many if the fixtures and fittings from Italy to reproduce a traditional Italian restaurant atmosphere. However we consider that the premises could be adapted for other cuisines, a bistro or bar. The vendors are now looking to return to Italy because of family commitments.

Business Profile:
Licensed Italian restaurant which may also be suitable for various other cuisines, a bistro or bar. The owners seek to provide authentic Italian cooking including a variety of pizzas, pasta dishes including fresh egg pasta, risottos, meat, fish and poultry dishes.

Accommodation:-:
The restaurant, including customer toilets and kitchen, was well presented at the time of our visit and features specially imported tiles, fixtures, fittings and equipment. The restaurant benefits from air conditioning.

Restaurant & Bar:
Double entry doors leading to entrance lobby with two glazed doors leading to the main restaurant. The restaurant benefits from ceramic tile flooring, panelled ceiling, air conditioning, polished timber pillar features, mirrors and illuminated displays, coloured refrigerated food displays and counter together with potted plants. Within the above measurements is a bar. This is constructed of timber/timber effect finishes and has marble worktops to front and back together with rear mirrors. Ice machine and glass washer, two bottle chillers, coloured double sink and drainer. The bar features an Italian coffee machine above which there is a fitted extractor fan.

Store:
Ceramic tiled floor, freezer and upright freezer, plumbing for washing machine.

Kitchen:
Ceramic tiled floor, fluorescent lighting, double industrial type stainless steel sink with single drainer, two four burner catering cookers with a stainless steel extraction hood, griddle, double chip fryer, pasta cooker, double pizza oven, wall mounted stainless steel hand basin, stainless steel tables, oven and other equipment.

Second Kitchen Area:
Ceramic tiled flooring, fluorescent lighting, stainless steel double commercial sink and drainer and a stainless steel dishwasher.

Diabled Toilet:
Ceramic tiled floor, partly tiled walls, wall mounted wash basin, WC and radiator.

Rear Exit:
With rear lobby area.

Staircase To First Floor:
This leads to customer and staff toilets. There is an emergency exit to the roof off a lobby serving the gents and staff toilets.

Ladies Toilets:
These feature extensive ceramic flooring and wall tiling using tiles of different sizes including decorative tiles and sets. Spotlights, three washbasins in a vanity unit, three WC cubicles and a radiator.

Staff Toilets:
Ceramic tiled flooring, partly tiled walls and spotlight. Pedestal washbasin, WC and an additional ceramic sink.

Staffing:
Two full time owners and six part time.

Fixtures & Fittings:
A schedule of the fixtures and fittings will be made available for prospective buyers.

Property information

Property:

Leasehold

Lease terms:

Financial Profile:
The owners will be able to provide accounting information and will pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Leasehold. The vendors will be pleased to negotiate a new lease at £29,500 per annum plus VAT with prospective buyers. In addition the freehold property may be included at a combined price of £495,000. Jolley & Co. have not examined any proposed lease or title documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
Wirral Borough Council have verbally provided the following information:- Rateable Value £19,250. Rates Payable 2008/9 £8,893.50. Small Business Rate Relief may be claimable upon application.

Price:
£145,000 for the goodwill, fixtures and fittings plus SAV (or £495,000 to include the freehold property).

Living accommodation:

Accommodation Included.

Location:

Location:
The business is located at the centre of Moreton and by a busy roundabout where the A553 (Upton Road) meets with the A551 (Hoylake Road). There are many retail outlets nearby. Moreton is a highly populated residential area and also benefits from commercial and industrial estates. Moreton is situated at the north end of the Wirral peninsula.

Other information

Trading hours:

Opening Hours:
5:00pm - 11:00pm seven days per week together with lunchtime bookings.