Back to Business List

MODERN SHOP FRONT TO SPACIOUS LICENSED RESTAURANT, air conditioning, ceiling with inset spotlighting, new tiled floor. Tables and chairs providing seating for 55 persons. Bar with 2 hand pumps, sink, double door glass fronted counter fridge, ice machine.

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

Large level kitchen with quarry tiled floor. The equipment includes 11-burner Chinese cooker, stainless steel extractor unit, double deep fryer, 3-door stainless steel counter fridge, 3 stainless steel tables, double sink and drainer, wash hand basin, 1 chest deep freeze, 1 upright deep freeze.

Stairs to large basement ideal for storage purposes and with 3 chest deep freezes, 1 additional small deep freeze, walk-in coldroom, shelving etc.

IN ADDITION INCLUDED IN THE LEASE is an adjoining shop with basement having cloakroom with w.c. and wash hand basin. This adjoining shop is let on a 2 years agreement and at present provides a rental income of £6.000 p.a. plus rates.

WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

The business is at present operated by a husband and wife team with the assistance of 2 full time chefs plus 2 part time waiters.

6 days per week Monday - Saturday inclusive -
Lunches - 12 noon - 2.30 p.m.
Evenings - 5.30 p.m. - 11 p.m.
NO SUNDAY TRADING

The SPACIOUS living accommodation all in VERY GOOD CONDITION, comprises:

First Floor
Large Lounge
Separate Dining Room
Fully fitted kitchen
1 Double Bedroom with en suite shower room with shower, w.c. and wash hand basin

Second Floor
Large Lounge (or additional bedroom, if desired)
In addition there are 4 Double Bedrooms
Large Bathroom with bath, w.c. and wash hand basin

Large paved yard at rear

We understand the entire premises are held on a secure renewable lease from a private landlord, the present lease having approximately 8 years unexpired at a current rental of £21,750 p.a. exclusive of rates for the next 2 years, with rent revisions. (As will be appreciated with the rental income from the adjoining shop, the net rental payable at the present time is only £15,175 p.a. exclusive of rates).

Uniform Business Rates: £5,000 p.a. approx.

THIS WELL FITTED LICENSED RESTAURANT WITH SPACIOUS LIVING ACCOMMODATION HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

REDUCED FOR EARLY SALE

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Please call 020 8763 1777 for an appointment to view