Restaurant/cafe for sale in High Street, Benfleet SS7

This premises has long been established as an Italian Restaurant, with our clients owning and operating the business for the last 6 years. Our clients have built up a fantastic reputation over their period of ownership, supported by a 4.5* Trip advisor rating, 4.6* Google review, 5.5* Qandoo rating and a 4.5* Facebook rating. The premises is fitted out to a good standard with quality fixtures, fittings and equipment, all included within the sale price. Viewing advised. RX334665

Location

The business is situated in a highly visible trading location, which provides high levels of vehicular passing trade

Tenure

We are advised there are approximately 4 years remaining on a renewable lease at a current rental of £26,400 per annum exclusive; however our client rents the accommodation above the business which generates a combined rental income of £4,200 per calendar month; meaning our client generates £50,400 from the rental income alone

Premises

Terrace retail shop with awning over frontage, potted plants, facia board, glazed frontage and single entrance door leading into the premises which measures approximately 3,541 sq. Ft. And is arranged as follows:

Entryway with a panelled glazed door leading into the main premises, which is air conditioned throughout, with the right hand side dining area currently arranged for 34 covers with an opening from this area leading into a private dining area

Private Dining Area

Currently arranged with 1 large table for 11 covers, however, this could accommodate more covers if required. The left hand side area from the main entry way is a further dininig area which is currently arranged for 20 covers, but could accommodate more if required. Towards the back left hand side of this area is a L-shaped bar

L-Shaped Bar

With customer seating directly in front. Behind the bar is equipped with a two group coffee machine, coffee grinder, double under counter display fridge, draft beer pumps, double stainless steel sink, glass washer and spirit display shelving. An alcove off the right of this area leads into a walkway to an area with 3 doors off, 2 lead into ladies and gents WC facilities, with the other leading into a staircase down to the basement/cellar. A swinging door to the right of the bar leads into a prep room with various stainless steel prep tables, fridge freezer, microwave, under counter freezer, commercial dishwasher, double stainless steel sink and large upright display drinks drinks fridge. An opening from this area leads into a commercial kitchen

Commercial Kitchen

With fully tiled flooring and currently equipped with meat slicer, various stainless steel prep tables, stainless steel sink, prep table with under counter refrigeration, pizza oven, commercial extractor over 4 burner range, twin basket fryer, 6 burner range, griddle, salamander grill, large double stainless steel fridge, stainless steel wash hand basin, fridge freezer, stainless steel prep with under counter refrigeration, stainless steel table with saladette above and under counter refrigeration, 4 slice toaster and a heated pass through. A door from the kitchen leads out to a lean to store equipped with stainless steel prep tables, microwave, washing machine, ice machine, walk in Fridge, walk in Freezer and staff WC

Self Contained 6 Bed Accomodation

Above which was not inspected by Gilbert and Rose Limited, but we are advised that the accomodation compromises of a living room, kitchen, 1 bathroom, 1 shower room and 6 bedrooms

Trading Hours

Currently trading Tuesday - Saturday 5 pm - 10:30 pm Sunday 12 pm - 8 pm closed on Mondays

Staff

The business is run by the vendor with the assistance of 4 members of staff

Turnover

We are advised turnover averages £5,000-£6,000 per week trading with the usual high gross profit margins associated with the trade

Business Rates

The premises is subject to a rateable value of £19,500

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50