Most Attractive & Spacious Licensed Restaurant (Catering For Breakfasts, Lunches, Teas, Coffees, Snacks Etc) for Sale
Situated in a parade, excellent main road trading position, LONDON, W
Front area with space for 4 tables and 8 chairs (Licence Fee payable we understand of £180 p.a).
SPACIOUS RESTAURANT (can be open front - weather permitting). Attractive wooden floor, ceiling with inset lighting, mirror to 1 wall. Full gas fired central heating. Tables and chairs plus 1 sofa providing seating for 46 persons (can be increased). Curved cool display serveover counter with refrigerated storage section, 2 group coffee machine, juice machine, touch screen computerised till, 2 commercial microwave ovens, wine rack.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Rear level kitchen with tiled floor and tiled walls. The equipment includes 6-burner gas cooker, stainless steel extractor, upright double door stainless steel fridge, chest deep freeze, walk-in coldroom, dishwasher, double sink and drainer etc.
Large basement for storage
WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit in excess of 60%.
The Restaurant is at present operated by the vendor with the assistance of his wife on a part time basis. Kitchen area - 1 full time chef plus 1 part time kitchen porter.
We understand the premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of £25,000 p.a. exclusive of rates up to December, 2011, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £8,200 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Please call 020 8763 1777 for an appointment to view