Daytime Restaurant in Central London For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, close to renowned market & Underground stations, CITY OF LONDON.

Turnover £ 5,750
Price £135,000

Features

Daytime Restaurant & Takeaway ~ Retirement Sale

5 DAYS OPENING

Tables and chairs providing seating for 15 persons

SHUTTER PREMISES in the region of 650 ft². Tiled floor, ceiling with LED lighting. Sales counter, cash register, stainless steel extractor unit, 2 gas 4 container bain maries, flat stainless steel 3-door fridge, electric Falafel Fryer, double electric chips fryer, Shawarma/Kebab grill gas bottom motor 4 burners, flat gas grill, double stainless steel fridge, double stainless steel freezer, Ventilation, etc

Basement in the region of 180 ft². KITCHEN. Mincer, oven, 6-burner cooker, 3 stainless steel tables, microwave 1800W.

Walk-in coldroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 - £6,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff. We are informed the wage bill averages £375 p.w. approx.

Trading Hours

5 Day week
MONDAY - FRIDAY 10 a.m - 4.30 p.m

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2025 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote