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Italian Restaurant In Gravesend For Sale

Gravesend, Kent, UK
Asking Price:
£150,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

PRIME TOWN CENTRE LOCATION
78 COVERS
TURNOVER £14,000 PWK
CLOSED SINCE DECEMBER 2019
RENTAL OPTION AVAILABLE £1,000 PWK RENT. £15,000 DEPOSIT

LOCATION
These immaculately presented premises occupy a prime trading location fronting a busy street in the centre of Gravesend, enjoying tremendous footfall and being close to all the major multiples, banks and offices. The business enjoys excellent passing and local trade, serving a huge residential catchment area.

BUSINESS
The business is well established and has traded in the present hands since 2004. The business is only being marketed as a result of management issues.

TURNOVER
£14,000 PWK @ 65% G.P.

HOURS
7 Days - 11.30am to 10.30pm

PREMISES
Mid parade premises with charming double frontage and single entrance to: Restaurant Area: Charming contemporary décor. 78 covers at quality furniture. Bar counter, electronic till with kitchen printer, espresso machine, 2 deck pizza oven. Sep Ladies and Gents: WC's. Kitchen: 2 x 6 burner ranges, 2 ovens, full extractor canopy, prep surfaces, hot cupboard, under counter refrigeration, upright chiller, 2 deep st/stl sinks. Store Room: Walk in Coldroom, walk in freezer. First Floor: Office/Store Room: Staff Shower Room: Basement: Large store Area.

TENURE
10 years remaining on original lease with a 25 year extension available RENT £31,200 P.A. (5 year reviews)

The business is also available to rent for an upfront deposit of £15,000 and an annual rent of £52,000 for the first year rising to £62,400 P.A.

EPC RATING
TBA

BUSINESS RATES
£6,500 P.A. (Payable)

Property Information

Property:

Leasehold

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