Licensed Restaurant in West London For Sale

Situated in a parade, excellent main road trading position, WEST LONDON

Turnover £ 6,000
Price £170,000

Features

Licensed Restaurant & Steakhouse

DOUBLE FRONTED PREMISES. Ceramic tiled floor, pendant lighting. Tables and chairs seating 35 persons. Counter - electric cash register, sliding door fridge for drinks, dishwasher, milk shake machine.

Door to KITCHEN, tiled floor, tube lights. Stainless steel extractor, 2 grills (charcoal and gas), 6 burner hob, oven, deep fryer, microwave, double door upright fridge, freezer, 4 stainless steel preparation tables, double sink and drainer, shelving.

Store room - 2 freezers.

Disabled cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated the vendor part time, with 2 full time staff employed plus the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 4 years in 2020 with reviews every 4 years (next review 2024) at a current rent of £16,000 p.a.

Business Rates from April 2023 £1,540 approx. payable (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 85,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote