Licensed Restaurant in East London For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, EAST LONDON

Turnover £ 7,500
Price £79,000

Features

Licensed Thai Restaurant

AIR CONDITIONED DOUBLE FRONTED PREMISES, in the region of 1,425 ft² - CCTV (8 cameras), Laminate flooring, suspended ceiling with spot lights and feature pendants.

Tables and chairs seating 100 people.

Bar - Electric cash register, coffee machine, under counter fridges, 3 freezers, wash hand basin.

Separate Kitchen - Tube lighting, stainless steel extractor, 9 burner hob, 2 rice cookers, oven, microwave, 4 freezers, 2 fridges, 4 stainless steel tables, double sink and drainer, stc

Ladies Cloakroom with toilet and wash hand basin.

Gentleman's Cloakroom with toilet and wash hand basin.

Store room.

Staff changing room / rest area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the 2 partners with 2 full time and 1 part time staff.

We are informed the wage bill averages £2,000p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10 pm

Outside

Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2016 with reviews every 4 years (next review 2024) at a current rent of £50,000 p.a.

Business Rates from April 2023 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote