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Reference R9788

American Restaurant & Milkshake Bar in North London For Sale

American Restaurant & Milkshake Bar in North London For Sale
American Restaurant & Milkshake Bar in North London For Sale Buy a American Restaurant & Milkshake Bar in North London For Sale Sell a American Restaurant & Milkshake Bar in North London For Sale

Register to see map and to make an appointment Situated in a parade, busy road, close to University, NW LONDON

Turnover £ 5,000
Price £200,000

Features

American Style Burgers, Shakes and Chicken Bar

Decking to front with tables & chairs for 8 persons

Well equipped to a very high standard in 2019

DOUBLE FRONTED PREMISES in the region of 680 ft² WITH ELECTRIC SHUTTERS. Tiled floor, high ceiling with LED lights, 4 LED menu boards. Modern tables and chairs providing seating for 24 persons. Sales counter, EPOS till, salad display fridge, Coca Cola drinks dispenser etc.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 2-burner blue seal charcoal grill, blue seal flat plate, 2-pan deep fryer, 6 grid Rational oven, hot cupboard, 6-drawers under-counter fridge, Electro Freeze ice cream machine, 2 Blendtec Blenders (for milk shakes), waffle maker, crepe maker, 9-5 litre Gelato ice cream freezer, double sink and drainer, preparation table.

Toilet with w.c. and wash hand basin..
Stock room / Store room, CCTV system (8 cameras, 1 monitor).
Walkin coldroom, SS freezer, freezer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000/ 7,000 p.w. with a gross profit of 65% approx. (60% deliveries)

Staff

The business is at present operated by the vendor with the assistance of 1 full time & 2 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 12pm - 12pm

Outside

Yard at rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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