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Reference R9550

Attractive Licensed Restaurant in Middlesex For Sale

Register to see map and to make an appointment End of parade, excellent trading position, MIDDLESEX

Turnover 2,500
Price 70,000

Features

Most Attractive Licensed Restaurant

The restaurant has been in the same hands for the past 52 years

Operated as Greek & English cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

It should be noted we understand Lidl Supermarket is due to open within close proximity of the restaurant. In our opinion this should provide additional footfall to the area.

SPACIOUS RESTAURANT with quality woodstrip floor. Tables & chairs providing seating for 46 persons (at present operated at this seating level due to Covid-19, however in our opinion there is space for tables & chairs for up to 60 persons). Dispense bar, wine racks.

LEVEL KITCHEN with tiled floor, stainless steel extractor. The equipment includes 6-burner gas cooker, microwave oven, charcoal grill, 3 fridges, 1 deep freezer, double sink & drainer, 2 wash hand basins.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 2,500/3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the owner (who is a chef) with the assistance of his wife plus 1 part time kitchen staff

Trading Hours

Monday - Thursday inclusive - 6 p.m. - 12 midnight
Friday & Saturday - 6 p.m. - 1 a.m.

Outside

Parking space for 1 car

Tenure

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 27,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present after small business relief

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 52 YEARS AND IS NOW OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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