Leasehold Lic. Italian Restaurant In Folkestone, Kent

Business Description

LOCATION
These superbly presented premises occupy a prominent trading position fronting a busy main shopping street close to the centre of this charming Kent Town. The business served a well populated, affluent residential area which provides regular all year round trade.

BUSINESS
This well established concern served an authentic traditional Italian menu in a spacious well presented space generating a lovely Italian ambience and a well deserved following by local and visiting customers alike. The business fronts a wide pavement to the front which offers good potential to add al fresco seating for 16-18 customers for afternoon opening serving coffees and drinks if desired. Sadly due to the sudden bereavement of one of the partners after 26 years of ownership the business has sadly closed and a quick sale is now required.

TURNOVER
When trading the business had accounts showing takings of £200,000 P.A. @ 60% GP.

HOURS
When trading:
12.00 – 2.30pm & 6.00pm – 10.30pm Tues, Fri & Sun
12.00 – 2.30pm & 6.00pm – 10.00pm Sat (Closed Mon)
Huge potential for Monday trading.

PREMISES
Attractive double fronted premises with single entrance to: air conditioned Restaurant Area: Tastefully decorated and furnished to accommodate some 45 covers with wooden flooring. Marble topped Drinks Bar/Servery to front with coffee machine, drinks display shelving, large upright drinks display chiller, electronic till st/st sink, glass washer. Open plan kitchen servery to rear with clay tiled roof. Glass fronted display cabinet, pizza oven, ice cream fridge. Kitchen: fully tiled. St/st work tops, dough mixer, 6 ring ghas oven with extractor over, gas grill, dble fryer, 4 pan bain marie, dble deep st/stl sink, grill, w/hand basin, 3 upright fridges. Prep Room: fully tiled, dble st/stl sink, st/stl work table, meat slicer, st/stl dish washer. Store Room/Office with shelving. Store Room 2 with 2 upright freezers. Store Room 3 with shelving.
Separate Ladies & Gents WC's. each with wash hand basin. Door to outside Rear Yard: bin storage.

TENURE
New 20 year lease available RENT - £17,500 P.A. (3 year reviews)

EPC RATING
Band C

BUSINESS RATES
£840.58 P.A. (Payable)

Property Information

Property:

Leasehold

Premises details:

Attractive double fronted premises with single entrance to: air conditioned Restaurant Area: Tastefully decorated and furnished to accommodate some 45 covers with wooden flooring. Marble topped Drinks Bar/Servery to front with coffee machine, drinks display shelving, large upright drinks display chiller, electronic till st/st sink, glass washer. Open plan kitchen servery to rear with clay tiled roof. Glass fronted display cabinet, pizza oven, ice cream fridge. Kitchen: fully tiled. St/st work tops, dough mixer, 6 ring ghas oven with extractor over, gas grill, dble fryer, 4 pan bain marie, dble deep st/stl sink, grill, w/hand basin, 3 upright fridges. Prep Room: fully tiled, dble st/stl sink, st/stl work table, meat slicer, st/stl dish washer. Store Room/Office with shelving. Store Room 2 with 2 upright freezers. Store Room 3 with shelving.<br>Separate Ladies & Gents WC's. each with wash hand basin. Door to outside Rear Yard: bin storage.

Business Operation

Trading hours:

When trading: 12.00 – 2.30pm & 6.00pm – 10.30pm Tues, Fri & Sun 12.00 – 2.30pm & 6.00pm – 10.00pm Sat (Closed Mon) Huge potential for Monday trading.

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed