London Road, Westcliff-on-Sea, Essex, SS0
£72,500

Guide price

DESCRIPTION:

Comprising the principal Restaurant in a total of approx. 325 sq.ft. seating 22, with both front & rear al-fresco seating another 30 or so. Average net profit over last 3 years of £57,785pa! In addition, main kitchen/preparation space nearby in some 700 sq.ft. with WC & outside store.

The Business A truly authentic Italian 'Street Food' Restaurant, the mission of the business being to serve real Italian Food, made fresh daily, using only the finest ingredients, all WITH GENUINE ITALIAN LOVE!. The business has established a loyal following, featuring on TripAdvisor, Facebook and Instagram.

Property The principal Restaurant offers some 325 sq.ft. with 22 covers. Rear WC facilities. Front al fresco seating for 8 plus another 20-25 at the rear. External stores by way of 3 garages. The main Kitchen/Prep location nearby offers some 680 sq.ft. with a full inventory of fixtures & fittings & WC. In addition, a rear store.

Hours Closed on Mondays. 4pm till 9pm Tuesday to Thursday. 12 noon till 9pm Fridays & Saturdays. 12 noon till 8pm Sundays.

Turnover Having analysed the accounts of the business for the last 3 years, the average adjusted net profit has been £57,785pa.

Tenure The lease in respect of the Restaurant is due for renewal in August 2023. Current rent £9,000pa. In respect of the kitchen/preparation space, we are advised that the landlords are willing to grant a new lease at a rent of £12,000pa.

Business Rates Restaurant £1,771.45p - Kitchen/Preparation space £3,093.80p.

Legal Fees Each party is to be responsible for their own legal fees.

01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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