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Italian Restaurant Prime Location For Sale

 
Hertfordshire, United Kingdom
 
Advert ref: 3270PS
 
FINANCIAL DETAILS
 
Asking price: £300,000
 
Sales revenue: £200k < 500k
 
Net profit: < £100k
 
Fixtures value: Undisclosed
 
Stock value: Undisclosed

BUSINESS DESCRIPTION
 
A3 licence.
Currently taking c£6,750 per week.
Prime city centre location.
64 covers inside + 12 covers outside.
Experienced and popular staff.
Beautifully refurbished listed building.


GENERAL INFORMATION
 
Years established: 1
Employees: 8
Property: Leasehold

Lease terms
25 year lease with 24 years remaining with rent of £48,000 per annum and rent reviews every 5 years.


Location
Prime city centre location


Expansion potential
Longer opening hours


Competition / Market
The restaurant id located on a pedestrianised street in the centre of the city, surrounded by shops, offices, bars and restaurants.


Reasons for selling
Emigration


 
The Business Partnership - Gloucestershire, Oxfordshire and Wiltshire
 
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© 2003 - 2008 The Business Partnership
 
Name: Business Partnership (Management) Limited
Registered Office: Meridian House, Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3QG
Company Number: 4459291    VAT No: 797 8848 30