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Refurbished Licensed And Well Established Mediterranean Restaurant For Sale

Letchworth Garden City, Hertfordshire, UK
Asking Price:
£200,000
Turnover:
£780,000
Net Profit:
Undisclosed

6 Days opening ~ 4 Star hygiene rating

Outside seating for 14 customers.

Double fronted premises, in the region of 1,550 ft², Tield flooring, Plasterboard ceiling with chandeliers and wall lights.

Tables and chairs seating 68 people.

Bar - Electric cash register. Coffee machine (2 group) on lease, grinder on lease, undercounter fridges, ice machine.

Open plan kitchen - Stainless steel extractor, charcoal grill, oven, double basket deep fat fryer, electric pizza oven, 1 chest freezer, 1 upright freezer, 2 large upright fridges, 2 under counters fridges, dishwasher, ice machine, double sink and drainer, stainless steel preparation tables, dough mixer, mincer, etc

Preparation area.

Ladies cloakroom with toilet and wash hand basin

Gentleman's cloakroom with toilet and wash hand basin

Staff cloakroom with toilet and wash hand basin.

Location: Situated in a parade, excellent trading position, office and commercial area, Hertfordshire.

Turnover: We are informed by the owner the turnover currently averages £15,000 p.w. With a gross profit of 65% approx. (approx 10 % takeaway)

Staffing: The business is at present operated by the Husband & Wife team with the assistance of 2 full time and 3 part time staff.

We are informed the wage bill averages £2,000 p.w. approx.

Price: To include the secure renewable lease, goodwill, fixtures & fittings £200,000 plus STOCK AT VALUATION

Substantial loan to an approved applicant.

Additional information available including; rent, lease terms, opening hours, business rates and reason for sale via the 'contact broker' button

Property Information

Property:

Leasehold