FinanceYou can borrow
£ 37,500 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Situated in a parade, excellent High Street trading position, office and commercial area, WEST SUSSEX
Features
We understand the Restaurant has a Premises Licence and in our opinion this could be developed into a Licensed Restaurant, subject to obtaining the Personal Licence.
SINGLE FRONTED FAST FOOD RESTAURANT with electric shutters. Total area in the region of 1,200 sq. ft. Gas Fired Central Heating. Tiled floor. Tables and chairs providing seating for 60 persons. Counter, electronic cash register. Bar.
Open plan kitchen. The equipment includes 6-burner gas cooker, Valentine deep fryer, stainless steel extractor unit, commercial microwave oven, 2 group coffee machine, panini toaster, double sink and drainer, wash hand basin etc.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering further potential to increase in the right hands.
Staff
The business is at present operated by 2 partners with the assistance of 2 part time staff.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £8,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee