Leasehold Restaurant
Location England
Asking Price Range < $250K
Gross Revenues $118952
Net Profit / Cash Flow $73753
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD asking for œ45,000. Advent Business Sales have been instructed to offer for sale this popular and attractive restaurant. Established 5 years ago by the vendor, it is now reluctantly offered for sale due to his other commitments and relocation plans. The restaurant currently occupies a glass double fronted premises which is decorated to a high standard and has seating for up to 50 covers. The restaurant currently offers a range of Italian and Mediterranean cuisine and has a full alcohol license with a bar area to the rear. There is a large area to the first floor of the premises which is currently undeveloped and is included within the lease.
BUSINESS PREMISES - A glass double fronted restaurant occupying a ground floor location, decorated to a high standard throughout with the added security of alarm system and electric roller shutters and consisting of the following: Ground Floor - Entrance leading into main restaurant area with wood laminate flooring throughout. 50 covers. Bar area. Industrial kitchen. Ladies, gents & disabled w/c's. Stockroom. Aisle to rear of bar leading to stairs to first floor and exit to rear of premises. First Floor - 6 separate rooms currently undeveloped. External - Paved to roadway at front, 3 parking spaces to rear. Accessed via alleyway to side of premises or from rear of premises through large car park.
TENURE - Leasehold. Current Lease - 10 years. Lease Remaining - 7 Years. Review every - 5 years. Annual Rent - œ10,000.
We are advised that the annual business rates are currently: œ4,700. Contact for more information on this Restaurant for sale.
Click Here To Contact Seller
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