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Situated in a parade, excellent trading position, sought after residential area, LONDON, E (Please register to make appointments and view addresses)

Outstanding opportunity to acquire a newly fitted Licensed Restaurant and Bar in this sought after locality.

Attractive front area with tables and chairs providing seating for 25 persons.

Full On Licence

SPACIOUS RESTAURANT & BAR, front area with ceramic tiled floor. Rear section with quality woodstrip floor. Bar area with seating for approximately 20 persons.

SPACIOUS RESTAURANT area with quality woodstrip floor, tables and chairs providing seating for approx. 40 persons (can be increased). Bar with marble top. Fully equipped including 2 double door counter fridges, 1 computerised till, glasswasher, ice machine, ice crusher.

Open plan kitchen area, 1 6-burner gas cooker, double deep fryer, salamander, convection oven, 2 3-door stainless steel counter fridges, double sink and drainer, dishwasher etc.

Fully tiled disabled cloakroom with w.c. and wash hand basin
Fully tiled ladies' and gentlemen's cloakrooms

WE ARE INFORMED the turnover currently averages £5,000/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

The business is at present operated by the vendor on a part time basis with the assistance of 1 full time manager, 3 part time waitresses/waiters, 2 full time chefs plus 1 full time kitchen porter. Wages paid £1,200 p.w. approx.

Tuesday - Thursday inclusive - evenings only 5 p.m. - 11 p.m.
Friday evenings - 5 p.m. - 2 a.m.
Saturday - 12 noon - 2 p.m. & 5 p.m. - 2 a.m.
Sunday - 12 noon - 9 p.m.

Large garden at rear in our opinion providing potential to develop as an additional seating area if desired.

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £4,500 p.a. approx. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED LICENSED RESTAURANT AND BAR IN THIS SOUGHT AFTER RESIDENTIAL AREA.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

OFFERS INVITED TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS IN THE REGION OF £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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