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Reference R2917
Excellent main road trading position, sought after residential area, WEST LONDON
Turnover £ 30,000
Price
£400,000
Features
Impressive & Spacious Licensed Restaurant & Bar with Basement Bar / Function Room / Night Club
OUTSIDE SEATING FOR 20 PEOPLE.
5 STAR HYGIENE RATING
DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,130 ft², laminate flooring, plasterboard with LED lighting.
Customer waiting area.
Tables and chairs seating 60 people.
BAR - Electronic cash register, under counter fridges, under counter freezer, ice maker, wash hand basin, coffee machine (2 group) on lease, grinder (on lease), etc.
Ladies and Gentlemen's cloakroom with toilet and wash hand basin.
KITCHEN - Stainless steel extractor, hob, oven, grill, microwave, deep fat fryer, pizza oven, 4 fridges, 2 freezers, stainless steel preparation table, pizza topping station, double sink and drainer, etc.
Store room.
Stairs to BASEMENT BAR / NIGHT CLUB in the region of 1,300 ft²,
Full equipped BAR, Electric cash register, under counter fridges, ice machine, wash hand basin, sound system, etc
DJ Booth and Dance floor.
Tables and chairs seating 80 people.
Ladies and Gentlemen's customer cloakroom with toilet and wash hand basin.
OFFICE.
Walkin cold room.
2 Store rooms.
Turnover
WE ARE INFORMED by the owner the turnover currently averages £30,000 p.w. with a Gross profit of 60% approx.
Staff
The business is at present operated by the vendor with 4 full time and 3 part time staff.
We are informed the wage bill averages £5,200 p.w. approx.
Trading Hours
7 Day week
THE RESTAURANT
MONDAY - SATURDAY 12 noon - 10 p.m.
BAR / CLUB
FRIDAY & SATURDAY 5 p.m. - 1.30 a.m.
SUNDAY TO THURSDAY 5 p.m. - 1 a.m.
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in December 2025 with reviews every 3 years (next review 2028) at a current rent of £47,520 p.a.
Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 200,000 (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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