Licensed Restaurant & Deli in Central London For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, CENTRAL London

Turnover £ 17,000
Price £500,000

Features

Licensed Restaurant & Deli

FORECOURT WITH SEATING FOR 12 PERSONS

6 DAYS OPENING

5 STAR HYGIENE RATING

DOUBLE FRONTED CORNER PREMISES in the region of 1,870 ft². Tiled floor. 2 air conditioning units with hot air. Tables and chairs providing seating for 48 persons. Cool display counter with refrigerated storage section, EPOS till, cool display counter, large commercial oven, prover, 3 glass display cabinets, 3 large display fridges, 2 large display freezers, 2-group coffee machine, coffee grinder, ice machine, 2 counter fridges, blender, toaster, panini machine. CCTV system (10 cameras, 2 monitor)

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Basement in the region of 785 ft²

KITCHEN. Stainless steel extractor unit, 2 large bain maries, 2 refrigerated making tables,6-burner gas cooker, large mixer

Stock room with under-counter fridges, 2 freezers, etc

Walk-in coldroom
Walk-in freezer

Staff toilet with w.c. and wash hand basin

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £17,000 p.w. with a gross profit of 65% approx. (£3,000 per week on deliveries)

Staff

The business is at present operated by the vendor on a management basis with 7 full time staff employed.

Trading Hours

6 Day week
MONDAY - SATURDAY 7 a.m - 12 midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2019 with no rent reviews at a current rent of £65,000 p.a. plus VAT

Business Rates from April 2023 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011 AND IS SOLELY OFFERED FOR SALE DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £500,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 250,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote