LONG ESTABLISHED LICENSED AUTHENTIC ITALIAN RESTAURANT & PIZZERIA - 90 COVERS
(CIRCA 3,250SQ.FT. - 302M2)
HIGHLY PROFITABLE – TURNOVER EXCEEDING £650,000 - GENUINE RETIREMENT SALE
FANTASTIC ACCOMMODATION ABOVE
CAMBERLEY AREA - SURREY – FRIMLEY - BERKSHIRE – AFFLUENT AREA
OFFERS INVITED
Situated in a well sought after Village in Surrey we offer for sale this long established (more than 30 years), profitable 90-seater Authentic Italian Licensed Restaurant and Take Away. Serving a large and prosperous surrounding community within a busy village with many prosperous supporting trades.
The premises are held on a renewable lease ending October 2027. We are advised the current rent is £53,000 per annum (£66,000incl. VAT) exclusive of rates. This includes first floor accommodation (4 bedroom and 3 bedroom maisonette above - currently used for staff accommodation)
We are advised that current Takings average around £12,500 per week (Circa. £650,000 per annum) with good levels of net profit and genuine scope to expand on these figures by increasing operating hours (currently closed on Sunday’s), social media marketing, deliveries, reintroducing an online booking service,
The business is very involved in the community and supports may local causes and charities. There is no direct competition in the wide vicinity.
Staff:- 2 x working owners (Directors) together with five front-of house staff members plus five kitchen staff (2 x full time head chefs, 1 x Pizza chef – all very experienced - and two comis’ Chefs)..
We consider this a superb opportunity for an experienced operator with a proven track record in the Catering industry. Negotiable Handover period to be provided to ensure smooth handover.
Price required for goodwill, lease, tenant’s fittings, fixtures, utensils, trade furnishings & equipment:-
£175,000
Negotiable / Offers Invited
STOCK EXTRA AT VALUATION
* Monthly Free Cashflow: Undisclosed
* Premises Details: Large, Bright & Inviting Dining area (circa 100 seats) Fully Fitted Bar, 2 group commercial coffee machine, coffee grinder, glass cleaner, Epos till system, undercounter drinks fridge, tiled flooring).
Restaurant (laminate flooring, pendant lighting, air-conditioning, quality fittings, tables & chairs, etc).
Fully Equipped Kitchen (two canopy extractors, two 6-burner commercial cookers, ‘Thor’ gas griddle, electric grill, double deep fat fryer, commercial electric pizza oven, electric oven, commercial dishwasher, gantry, etc.). N.B. All equipment is owned.
Ladies / Gents / Disabled Cloakrooms.
Outside:- 2 x Storage Garages. And 2 x Car Park Spaces.
Accommodation above:- 2 x first floor maisonettes – accessed separately from the rear. Currently used for staff accommodation and an office
* Sector: Service
* Industry: Food & Beverage
* Owned Since: 1998-01-01
* EPC: F-143
* Looking For: Leaseholder
* Business Started On: 1998-01-01
* Lease Terms: The premises are held on a renewable lease ending October 2027. We are advised the current rent is £53,000 per annum (£66,000incl. VAT) exclusive of rates. This includes first floor accommodation (4 bedroom and 3 bedroom maisonette above - currently used for staff accommodation)
