| (REF: R1353) Attractive Licensed Restaurant |
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| Seller Reference: |
R1353 |
| B4S Reference: |
20754 |
| Asking Price: |
£29,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£62,400 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Suffolk, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Pay & Display Car Park nearby
Established for the past 6 years as Italian cuisine, which could obviously be continued, and in our opinion in view of the excellent trading position, there is potential for other types of cuisine, if desired.
Full On Licence
Front area with 2 tables and 8 chairs (can readily be increased to 4 tables, if desired)
SPACIOUS RESTAURANT, mainly carpeted plus small area with woodstrip floor. Full gas fired central heating. 2 air conditioning units. Tables and chairs providing seating for 40 persons. Bar with 2 hand pumps, shelving, electronic cash register, 1 group coffee machine.
Ladies cloakroom with w.c. and wash hand basin
Gentlemens cloakroom with 2 urinals, w.c. and wash hand basin
Large level kitchen with quarry tiled floor. Fully equipped including stainles steel extractor unit, 6-burner gas cooker with oven, gas fan assisted oven, pizza oven, 3-door stainless steel counter fridge, gas grill, small deep fryer, ice maker, glass washer, 2 chest deep freezes, 1 small chest deep freeze (used for ice cream), stainless steel tables, 2 upright stainless steel Fosters fridges, 1 glass fronted fridge, gravity feed slicer.
Small storeroom
WE ARE INFORMED the turnover averages £1,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired a rental of £6,720 p.a. exclusive of rates of the next 2 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £700 p.a. approx. (after small business relief)
THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £29,500 plus STOCK AT VALUATION (£1,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Parking space for 1 car |
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Location: |
Occupying a corner position, High Street, SUFFOLK |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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6 evenings per week Tuesday - Saturday inclusive - 6 p.m. - 10 p.m.
It will be appreciated upon inspection that there is scope for additional opening hours, if desired. |
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The Restaurant is at present operated by the vendor (who is a chef) plus 5 part time staff. Wages paid in the region of £200 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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