Shisha Lounge in East London For Sale

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

Turnover £ 3,700
Price £150,000

Features

Mediterranean Shisha Lounge

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 775 ft², laminated strip floor, ceiling with spot lights, Square machine. Shisha Lounge providing seating for 32 People.

Open plan kitchen area with elecrtric Oven, microwave, milkshake machine, crepe machine, waffle machine, dishwasher, 2 freezer, 3 fridge.

Toilet with w.c. and wash hand basin.

Basement in the region of 230 ft² used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,700 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the 3 partners on a managmment basis with 2 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY - 3pm - 11.30pm
FRIDAY & SATURDAY 3pm - 12.30am
SUNDAY 3pm - 11.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 14 years in 2022 with reviews every 3.5 years (next review 2025) at a current rent of £17,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote