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Reference R9088

Chicken & Pizza Shop in West London For Sale

Chicken & Pizza Shop in West London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, expanding area with many flats being built nearby, WEST LONDON

Price 950,000

Features

Fully Equipped Fried Chicken & Pizza Shop

SPACIOUS DOUBLE FRONTED RESTAURANT. Quality tiled floor, suspended ceiling with concealed lighting. Tables & chairs providing seating for 58 persons.

Stairs to basement fully tiled.

Cloakroom with w.c. & wash hand basin

The basement area mainly used for stock purposes, however in our opinion has potential to be utilized as an additional seating area, if desired.

Ground floor. Counter, 2 electronic cash registers.

LEVEL KITCHEN with tiled floor, 2 Henny Penny chicken pressure cookers, 2 deep fryers, 1 4-burner grill, 1 20" Zanolli pizza oven with conveyor belt, 1 Rational gas oven, 2 fridges, 2 chest deep freezers, walk-in coldroom, walk-in deep freezer, double sink & drainer etc.

We understand the landlord would allow the rear of the property to be made into a shisha bar which we understand could accommodate 65/70 persons. Obviously any extension is subject to suitable planning permission from the Coucil.

Turnover

WE UNDERSTAND from the present owner they enjoy a good turnover, full details of which will be discussed upon inspection.

Staff

The restaurant is mainly staff operated. 8 full time staff employed (2 chefs per day).

Trading Hours

10 a.m. - 1 a.m. seven days per week

Accommodation

The SPACIOUS living accommodation comprising:

8 Bedrooms (6 doubles, 2 singles)
2 Bathrooms each with bath, w.c. & wash hand basin
In addition separate w.c.
2 Kitchens

The accommodation is currently let on shorthold tenancies & we understand that the total rental income at the present time is in the region of 60,000 p.a.

Outside

Yard at rear

Tenure

We understand the entire premises are held on a two leases from the same landlord having 15 years unexpired from 2018 at a combined rent of 82,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income of 60,000 p.a. from the accommodation, the net rental payable at the present time is only 22,000 p.a. exclusive of rates).

Uniform Business Rates: 30,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

OFFERS INVITED TO INCLUDE THE VALUABLE LEASES, GOODWILL, FIXTURES & FITTINGS in the region of 950,000 plus STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 475,000 (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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