Restaurant for Sale in Little Canfield, Essex

An exciting opportunity to own a charming and well-established Italian restaurant located in the picturesque village of Little Canfield, Essex. This beautifully presented restaurant is now available for sale, offering an ideal chance for aspiring restaurateurs.

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MAIN FEATURES

• Modern decor
• Large Outdoor Space for circa 5o covers
• Well presented cozy restaurant & bar
• Fully fitted commercial kitchen
• Situated in local shopping centre
• Large frontage of circa 20 ft

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LANDLORD’S REQUIREMENTS

• Rent deposit subject to references
• Personal Guarantor subject references
• Proof of funds
• Accountant’s references
• Trade references

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LEASE DETAILS

• Lease: Ending Sept 2029 (Inside the Act of 1954)
• Tenant only Break Clause: Sept 2024
• Rent: £20,000 +VAT to be reviewed every 5 years
• Service Charge: £1,750 per annum
• Next rent Review: Sept 2024
• Premium: £110,000 (Business, Lease & FF&E)

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THE PREMISES

• Ground Floor: Circa 942 Sq. Ft
• Business Rates: Circa £8,500 (Rateable Value: 17,500)
• Currently paying £1,700 per annum due to discount
• Covers: Indoor: 35 | Outdoor: 50 covers
• Outside Covers: TBC
• Opening Hours: 12pm till 3pm & 5pm till 11pm
• Premises Licence in Place
• Permitted Hours: TBC

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THE LOCATION

• Little Canfield, Dunmow, Essex, CM6
• Parking space available

The property is located in Priors Green Local Centre which is situated at the heart of the residential expansion of Takeley that has occurred over the past 10 years. The local centre comprises of seven retail units occupied by regional and local retailers.

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TRADING & FINANCIALS

• Gross Sales Revenue (2022-23): Circa £9,600/week (£500,000/year) (As per the vendor)
• Well trained professional staff in place
• Provides Airline Catering too

Launched 2 years ago, our client has successfully established this restaurant and accumulated excellent reviews across all platforms. It is currently operated by 5 full time staff, 2 part time and 2 owners.

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VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.