Back to Business List

Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.

Situated in a parade, excellent trading position, LONDON, SW (Please register to make appointments and view addresses)

At present Taiwanese/Hunan & Szechuan cuisine, which could obviously be continued and in our opinion in view of the excellent main road trading position there is potential for other types of cuisine, if desired.

MOST ATTRACTIVE SINGLE FRONTED RESTAURANT with woodstrip floor. 2 air conditioning units. Attractive ceiling with hanging lighting plus inset lighting. Tables and chairs providing seating for 40 persons. Dispense bar with glass fronted counter fridge, glass washer, sink, hotplate cabinet, dumb waiter to basement kitchen.

Attractive open staircase to basement area providing an additional restaurant area with woodstrip floor. Tables and chairs for an additional 20 persons.

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

Commercial kitchen with tiled floor. The equipment includes 7-burner Chinese cooker, 1 small gas cooker, 1 steamer, 1 microwave oven, 2 chest deep freezes, upright deep freeze, walk-in coldroom, double sink and drainer, wash hand basin, 2 stainless steel tables double door stainless steel counter fridge etc.

WE ARE INFORMED the turnover averages £4,000/£5,000 p.w. in our opinion offering tremendous potentia for further increase in the right hands. (We are further advised that during the summer months the turnover is in the region of £3,000 p.w. increasing in the winter months to approx. £6,000 p.w). Gross profit 65% approx.

The business is at present operated by a husband and wife team with the assistance of 3 part time kitchen staff plus 3 part time waitresses.

Monday - Friday inclusive - 6.30 p.m. - 11.30 p.m.
Saturday & Sunday - lunches - 12.30 p.m. - 3 p.m. and evenings - 6.30 p.m. - 11.30 p.m.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (The vendors are also quite prepared to grant a shorter lease by negotiation, if desired).

Uniform Business Rates: £5,700 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED LICENSED RESTAURANT IN THIS EXCELLENT TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £525,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT