Restaurant for Sale in Isola District – Milan

Description

Looking for an investment in the bustling Isola district of Milan? This is a unique opportunity to acquire ownership shares in a thriving restaurant and bar business. The property, spread over 240 sqm, features seven street-facing windows in a prime commercial location, providing excellent visibility.

The restaurant currently has 80 indoor seats and the possibility to add 40 more. Additionally, there are 60 outdoor seats, perfect for the busy pedestrian traffic in this lively area. The large kitchen is fully equipped, including a ventilation system.

The lease contract offers a 6+6-year agreement with the first expiration on October 31, 2029, and an annual rent of €120,000 (including condominium fees) for the first three years. From the fourth year, the rent increases to €140,000. The lease also includes a buyout option to purchase the entire business at €450,000 starting from the third year of the lease.

This restaurant has been delivering excellent financial results, which are available for review with pre-balance sheets. The current owners have chosen to sell due to organizational issues, as they are unable to manage the business consistently.

Price: €112,000
Location: Isola, Milan
Size: 240 sqm
Contract: Business transfer (no property included)
Outdoor Seating: 60 seats
Indoor Seating: 80 seats (with potential to add 40 more)
Lease Duration: 6+6 years (First expiry: October 31, 2029)
Annual Rent: €120,000 (including condominium fees) for the first 3 years, increasing to €140,000 from the fourth year onwards.
Buyout Option: Option to purchase the entire business at €450,000 starting in the third year of the lease.

Price: €112,000
Security Deposit: €88,000 (fully refundable at the end of the lease or upon buyout).

Total Request: €200,000

Key Features:

• Large 240 sqm restaurant in a prime location
• 7 street-facing windows for maximum visibility
• 80 indoor seats (with potential to add 40 more)
• 60 outdoor seats
• Fully equipped kitchen with ventilation system
• Corner position for even greater exposure
• Great financial results, available for review
• Option to purchase the entire business after the third year of the lease for €450,000

Additional Features:

• Fully furnished
• Fire alarm and smoke extraction system
• Mechanical ventilation
• Emergency exits and lighting
• Alarm system
• Heating and air conditioning via heat pump
• No condominium fees

Location:

This restaurant is located in Isola, one of Milan’s trendiest and most vibrant districts. Its prime corner location ensures high foot traffic and excellent visibility.

Lease Terms:

• Annual Rent: €120,000 (including condominium fees) for the first three years, increasing to €140,000 from the fourth year.
• Lease Duration: 6+6 years
• Buyout Option: Available after the third year for €450,000.

For more information or to schedule a viewing, please contact Mr. Francesco at +39 333 573 7265.

Note: The images shown are for illustrative purposes only to protect the privacy of the current owners.