Restaurant for Sale
Leasehold : £ 60,000
TRADITIONAL ‘ITALIAN’ RESTAURANT
BUSY EAST MIDLANDS CITY-CENTRE LOCATION
* * * FULLY LICENSED * * *
BUSINESS ‘FOR SALE’ AS A GOING CONCERN
60 COVER RESTAURANT
FULLY FITTED & EQUIPPED THROUGHOUT
ASKING PRICE: O/A £60,000 + S.A.V.
A well-established restaurant prominently positioned within the heart of a thriving East Midlands City Centre. A spacious 60-cover restaurant area (circa 1,000 sq. ft.) and tastefully fitted throughout.
There is a well-equipped front of house Bar area and to the rear an extensively fitted and equipped open-plan Kitchen and Servery.
The restaurant is run by the 2 vendors together with a mixture of full-time and part-time staff.
The restaurant opens relatively short hours 5.30pm to 10.00pm Tuesday to Saturday only.
Although the Business shows a steady year-on-year growth in turnover, taking into consideration the relatively short trading hours, possibly the potential to expand and increase the turnover could be huge by increasing the current trading hours/days.
We are informed by the vendors they are prepared to offer a period of oversee to enable a smooth transition during the change of ownership.
THE PREMISES: -
FRONTAGE: 20ft 6in.
46ft 3in X 23ft 6in Max’ Bar to the front-of-house with drinks chillers, coffee machine and usual Bar equipment. 60 well placed covers.
18ft X 12ft. Fully equipped and includes – full extraction system, fat fryers, 6 burner gas range and ovens, commercial refrigerator, 5 s/s work stations, commercial dish washer, prep’ sinks, etc. etc.
Rear yard area with WALK-IN REFRIGERATOR 9ft 2in X 7ft 0in. And STORE ROOM 12ft 0in X 8ft 6in.
Racked – 3 freezer units.
E.P.C. RATING: D
The premises to be held by way of a new lease at an initial rental of £12,000 p.a.x.
We are informed by the vendors that an initial ‘rent-free period’ may be negotiable.
THE BUSINESS: -
The Sales for Y/E March 2016 was £153,358 Net.
2 Chefs (including 1 vendor) Front of house (vendor) 1 full-time and 4 part-time members of staff as and when required.
Any person/parties wishing to discuss or meet the vendor(s) are requested to appreciate our client’s requirement of strict confidentiality and the avoidance of disruption to the running of the business. We respectively request you not to approach the vendor's or any members of staff without first obtaining an appointment through our offices.
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Full sales literature available upon application