Prime Location Italian Restaurant in New Romney Kent, 50 Covers, £6,500 Weekly Turnover, Closed Sundays
New Romney, Kent
- Status
FOR SALE
- Date Submitted:
27/10/22
- Advert ID
502725
- Reference
C1110 / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- Rent: £17,200
- Turnover: £300,000 (£5,769 Per week)
- Net Profit: On request
Key Features
- Price Further Reduced
- Price Reduced
- Attractive Business
- Town Centre location
- Established Business
- Prime Location
Business Details
LEASEHOLD LIC. ITALIAN RESTAURANT
PRIME LOCATION - 50 COVERS - CLOSED SUNDAYS - TURNOVER £6,500 PWK - IMMACULATE PREMISES
LOCATION
These superbly presented premises occupy a prominent trading position fronting the High Street of this charming and historical Kent Town. The business serves a well populated, affluent residential area which provides regular all year round trade. 250 new homes are being built nearby which will boost trade in the future.
BUSINESS
The business was established by our clients in June 2021 and is now only being marketed as a result of the Vendor experiencing commuting difficulties. Tremendous potential exists for the introduction of Sunday trade.
TURNOVER
Currently £5,500 - £6,000 PWK @ 65% G.P.
STAFF
2 Owners plus 2 Full time and 3 part time staff WAGES - £4,000 PCM
HOURS
12.30pm to 2.30pm and 5.00pm to 9.30 pm Mon to Sat (Closed Sun)
PREMISES
Imposing corner premises with attractive double frontage and single entrance to: Restaurant Area: Tastefully decorated and furnished to accommodate some 50 covers, exposed pine flooring, fireplace. Bar: Fully equipped including EPOS till. Ladies and Gents Customer W.C's. Kitchen: 6 burner range and oven, twin deck pizza oven, griddle, grill, double fryer, full extractor canopy, pizza prep counter, under counter refrigeration, deep st/stl sink. Wash Up Area: st/stl sink, dishwasher, Desserts Area: Staff W.C and W/basin. Store Room: 2 chest freezers. OUTSIDE – 1 parking space (Rented separately).
TENURE
New 10 year lease RENT - £17,200 P.A. (3 year reviews)
EPC RATING
Band C
BUSINESS RATES
Nil currently payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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