Wirral Italian International Restaurant For Sale

Business description

Moreton, Wirral

Licensed

70/75 Covers

Corner Location

S/C One Bed Flat

High Profile Position

Leasehold (Freehold Available)

Business History:
Well presented and popular restaurant which has been established for many years. The owners are selling on account of ill health.

Business Profile:
Restaurant with 70-75 covers selling a mixture of Italian and other international food. The premises may suit many different kinds of cuisine.
The owners consider that there may be scope to extend the premises by adding a first floor at the rear of the building and increasing the covers to approximately 175. This would be subject to obtaining all necessary consents.

Accommodation:-:
The restaurant was well presented at the time of our visit.

Restaurant:
This is accessed by double outer doors and glass inner doors leading to a lounge area to one side of the bar. The restaurant is carpeted with timber flooring around the bar. The restaurant has pendant lighting, wall lights, air conditioning and a ceiling fan. The restaurant also benefits from feature plant displays. There is a bar to one side and the kitchen is located to the other side which can be viewed by customers through a servery with a terracotta tiled canopy.

Bar:
Within the above measurements is a mirror backed bar with timber/timber effect finishes. The bar has antislip type flooring, two stainless steel sinks and drainer, a stainless steel handbasin, bottle chiller, and a coffee machine. There are spotlights both over the bar and within the back of the bar.

Kitchen Area No.1.:
This features a servery to the restaurant with roller shutters. The kitchen has anti slip type floor covering, tiled and stainless steel cladded walls, tiled servery surface, stainless steel work benches and shelving, double pizza oven, six burner catering cooker, stainless steel extraction canopy, griddle, two chip fryers, and a double stainless steel upright fridge.

Kitchen Area No.2.:
Anti slip type flooring, double stainless steel industrial type sinks plus a single stainless steel industrial type sink with a drainer. Stainless steel shelving and handbasin plus a dishwasher.

Gents Toilets:
Ceramic tiled floor, tiled walls, two urinals, pedestal washbasin, WC and radiator.

Ladies Toilets:
Ceramic tiled flooring, tiled walls, two washbasins in a vanity unit and two WCs.

Cellar Room:
Freezers and a wall mounted washbasin.

Basement Storage:
Anti slip type flooring, fluorescent lighting, freezers. Separate boiler room.

First Floor Flat:
This is accessed by an outside brick and concrete staircase leading to an entrance and further internal carpeted staircase and hallway/landing areas.

Kitchen:
Carpet tiled floor covering, fluorescent lighting, base unit with stainless steel sink and double drainer.

Bathroom:
Vinyl floor covering, bath, wall mounted wash basin and WC.

Landing Areas:
Carpet, radiator and double cupboards.

Lounge:
Fireplace.

Outside:
There is a side entrance via an arched gateway providing access for the flat and to yard areas. There are steps at the rear of the yard leading to a gate and access to shared parking areas off Chadwick Street.

Staffing:
Six full time including one owner. Six part time plus four casual staff.

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 accounting information and will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Leasehold. The vendors will be pleased to negotiate a new lease at £24,000 per annum. The freehold property and business are also available at £475,000. Jolley & Co have not examined any lease or title documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
Wirral Borough Council have verbally provided the following information:-
Rateable Value £16,500. Rates Payable 2008/9£7,623. Council Tax re flat: Band A. Payable 2008/9£919.10.

Price:
£65,000 for the goodwill, fixtures and fittings plus SAV ( or £475,000 for the freehold property, goodwill , fixtures and fittings plus SAV).

Living accommodation:

Accommodation Included.

Location:

Location:
The business is located at the centre of Moreton and in a high profile location to the side of a busy roundabout. Moreton is a densely populated town at the north side of the Wirral peninsula. There are commercial and industrial estates within the area. Moreton benefits from a range of shops with many well known high street names represented including the banks.

Other information

Trading hours:

Opening Hours:
5:00pm - 10:00pm Daily. 5:30pm - 10:30pm Friday & Saturday. Closed - Monday.