Established restaurant, lease and business for sale
Potential to extend opening hours and covers to increase turnover
Character octagonal shaped restaurant
External decked area
Car park close by
Potential to offer take away and delivery service
Offers considered that result in a quick sale
Benefiting from 50% rates reduction
The premises are located within the Market Hall development where other tenants include Pets Corner and are directly opposite Bell Walk dry cleaners. They trade as Italian Restaurant under the name of Forno Antico. Further information can be found at their web site www.fornoantico.wordpress.com
They comprise an octagonal shaped restaurant with fitted bar and serving area plus well fitted kitchen, 2 separate cloakrooms and external decked area. In more detail the premises are arranged as follows:
Entrance lobby to restaurant maximum dimensions 10.4 m (34 feet) x 10.4 m (34 feet) overall 107 115.6 sq m (1240 sq ft) including lobby and bar area. Octagonal restaurant with feature central light well with ceiling light, wood effect flooring, brick built counter/bar area with spot lighting over, serving hatch to kitchen. Glass fronted drinks chiller/display unit, dishwasher, commercial coffee maker.
Kitchen 7.7m (25 feet 3 inches) x 3.4m (11 feet) overall 26.2 sq m (278 sq ft). Fitted with 2 x deep bowl stainless steel sink unit with water heater over, ceiling lighting, tiled walls and floor, stainless steel extraction hood/canopy, 6 ring gas hob, grill, fryer, tall fridge, tall freezer, pizza over, range of stainless steel kitchen preparation, serving and storage units.
Doors to lobby with doors to 2 separate cloakrooms, one adapted for disabled persons plus store cupboard.
Outside, decked area, fence enclosed with external tables and chairs
Business – The premises trades as an independent Italian restaurant under the name of Forno Antico serving lunch and dinner 7 days a week. It is run by the owner with a series of part time assistants working between 4 and 20 hours per week.
Accounts show Turnover exceeding £100,000pa (2018) with good gross and net profits.
The premises are held under lease for a term of 15 years from 2015 with rent reviews every 5th year. There are tenant break options at 6th and 11th anniversary by service of 6 months prior notice
Offers sought in the region of £39,000£24,950 for the lease business and goodwill to include an agreed list of fixtures and fittings. All premium offers considered that result in a quick sale.
Vendor advises the premises benefit from 50% rates reduction