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Reference : R8453

Situated in a parade, excellent main road trading position, residential, commercial and office area, LONDON, W (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover currently averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Outstanding opportunity to acquire a superbly fitted Licensed Restaurant at present Mediterranean food, 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 including Chinese, if desired.

SPACIOUS DOUBLE FRONTED split level restaurant, ceramic tiled floor, ceiling and wall lighting. Tables and chairs providing seating for 60/70 persons. Counter with 1 group coffee machine, 3 fridges, 2 microwave ovens, electronic cash register, 2 kebab machines, charcoal grill, double deep fryer.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Basement kitchen with tiled floor, the equipment includes 6-burner gas cooker with oven, 1 double door glass fronted fridge, 1 microwave oven, ice machine, 1 deep fryer, mincer, walk-in coldroom, chest deep freeze, 3 stainless steel tables, single sink and drainer, wash hand basin etc.

The Restaurant is at present operated by the owner with the assistance of 3 full time plus 2 part time staff.

11 a.m. - 12 midnight seven days per week

Rear garden approx. 5m wide by 8m depth, in our opinion having potential to develop as an additional seating area for 40/50 persons.

We understand the premises are held on a secure renewable lease having approximately 18½ years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 3½ years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,200 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

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