 | Licensed Restaurant on Good Corner Site For Sale Nottinghamshire, United Kingdom Advert ref: N515 FINANCIAL DETAILS | Asking price: £85,000 Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this recently established restaurant, which has been equipped and fitted out to a very high standard.
The restaurant, which currently serves Italian cuisine, has 85 covers. It is fully licensed.
The premises are substantial with the customer and open plan kitchen extending to some 128m².
The business will benefit further with the provision of a pavement licence, which will be in place before summer 2008.
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GENERAL INFORMATION | Employees: Two employees assist the vendor.
Trading hours: Monday - Saturday 5.30 pm – 11.00 pm
Property: Leasehold
Lease terms
A new lease with an initial annual rent of £16,000 will be offered.
Location
The business occupies a prominent corner site in the heart of Netherfield.
The location serves not only people who live and work nearby but also shoppers visiting the wide variety of shops in Netherfield.
The location benefits from free on street parking nearby. There is little direct competition in Netherfield.
Support & training
The vendor will co-operate to ensure a smooth handover.
Reasons for selling
The business is only for sale due to the poor health of the vendor.
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The Business Partnership - Derbyshire, Nottinghamshire, Sth Staffs, NW Leics | | | |
