Licensed Restaurant Pizzeria For Sale

Business description

Manchester City Centre

Established Business

100 Covers

Extensively Refurbished

Profitable Business

Good Location

Leasehold

Business History:
The business was established in 2001. The premises have been modernised and were very well presented at the time of our visit. The vendors are now looking to persue other business interests.

Business Profile:
100 seat restaurant with bar and specialising in Italian and Mediterranean style cuisine. The restaurant is popular with both lunchtime and evening diners and benefits from a relaxed and informal atmosphere. The premises would also suit other cuisines.

Staffing:
5 full time and 4 part time staff.

Accommodation:-:
Entrance is at street level with stairs leading down to lower ground floor. This includes reception area, bar, toilets and seating for up to 100 guests.

Restaurant:
Quarry tiled flooring. Modern spot lighting. Bar area. Plasma television. Waiting area which includes 2 couches and cloack room.

Ladies Toilet:
Tiled walls and flooring. Spot lighting. 2 cubicles. Ceramic sink and hand dryer.

Gents Toilet:
Tiled walls and flooring. 1 cubicle. 2 urinals. 2 sinks and a hand dryer.

Kitchen:
Tiled walls and flooring. Extractor fan. Stainless steel worktops and sink/drainer.

Storage:
Tiled flooring. Fluorescent lighting. Chest freezer and racking for wine.

Office:
Tiled flooring and fluorescent lighting.

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

Property information

Property:

Leasehold

Lease terms:

Financial Profile:
The vendors have accounts and management accounting information as well as VAT returns. The vendors will be pleased to discuss all the financial aspects of the business with prospective clients.

Tenure:
Leasehold. Twenty five years from 2001. Rent £25,000 pa. Jolley & Co have not examined any lease documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
Manchester City Council have verbally provided the following information:
Rateable Value: £26,000.
Rates Payable 2008/9: £12,012.

Price:
£245,000 for the goodwill, fixtures and fittings plus SAV.

Living accommodation:

Accommodation Included.

Location:

Location:
The business is located in the heart of Manchester's bustling city centre. The business is surrounded by offices, bars, clubs, numerous retail establishments and enjoys a high level of passing trade.

Other information

Trading hours:

Opening Hours:
12:00pm - 11:00pm Daily. Including Sundays.