 | Nicely Presented Fully Licenced Restaurant For Sale Norwich, Norfolk, United Kingdom Advert ref: RL.2.80.NSC Business description
This is a well established business supported by a good client base serving Italian cuisine. There are 46 covers in two adjoining dining areas with 24 in one room and 22 in the other.The bar is reached by way of three steps. This is timber finished and contains two refrigerators, cold drinks cabinet, sink and drainer, timber shelving and optics. There is an adjacent wine storage area with ice maker as well as an overhead wine rack. This sale represents an excellent opportunity to acquire a high reputation restaurant that is very well located. Although presently offering an Italian menu the premises lend themselves to alternative cuisines.
Years established: 15 years
Employees: The restaurant is run by the working owner with 4 full or part time staff.
Trading hours: Tuesday to Saturday inclusive 12 noon to 2.30pm and 6.00pm to 11.00pm
Property: Leasehold
Lease terms
The vendor owns the freehold and is prepared to grant a new lease at a commencing rent of £30,000 pa exclusive of rates with other terms to be agreed.
Living accomodation
The vendor advises that he is prepared to offer a two bedroom flat above the restaurant to a purchaser by way of separate negotiation on either the sale of a long leasehold interest or by way of a letting agreement.
Location
The restaurant enjoys an excellent location within Norwich City Centre and trades from the ground floor of traditional style premises with good double frontage. Public parking for customers is available nearby.
Reasons for selling
Retirement sale.
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| | Financial details Asking price: £80,000
Sales revenue: £120,000
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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