Leasehold Licensed Italian Restaurant For Sale

Business description

This is a well established concern which has been in the present hands for 6 years and which is now only being marketed as a result of the Vendors wishing to retire.

TURNOVER – We are informed t/o averages £4,500 pwk @ 60 % G.P.

PREMISES – Mid terraced premises with attractive double frontage and single entrance via porch to: Restaurant: Tastefully decorated and furnished to accommodate some 45 covers. Bar: Fully equipped. Sep. Ladies and Gents: W.C. facilities. Bar/Servery area: Kitchen: Fully tiled and fitted with a wide range of quality catering equipment. Wash Up Area: Dishwasher, 2 deep st/stl sinks, st/stl prep surfaces, decarbonizer. Lobby: Staff W.C. Prep Area: 2 further Store Rooms: 2 Walk in Coldrooms: Staff Changing Room:

Property information

Property:

Leasehold

Lease terms:

15 years remaining on original 21 year lease

RENT: £26,000 P.A. (5 year reviews)

RATES - £2,600 P.A. (Payable 07/08)

Living accommodation:

Self contained flat approached from sep fron entrance and comprising: First Floor: Lounge: Utility Room: Kitchen/Diner: St/stl sink - fitted wall and base units. Bathroom: Full suite. Second Floor: Bedroom 1: Double. Bedroom:2 Double. Third Floor: Self Contained flat comprising: Lounge: Bathroom: Bedroom: Kitchen: OUTSIDE – Yard: Delivery Access at rear.

Location:

These superbly presented premises occupy a prominent trading position fronting a busy street close to the centre of Folkestone being close to multiple stores, banks and offices. The business serves a well populated residential area which provides regular all year round trade.

Other information

Trading hours:

12pm - 2.30pm & 6pm - 10pm Mon to Sat 6pm - 10pm Sun