Licenced Restaurant BYO in East London For Sale

Situated in a parade, main road trading position, with cultural spots & green spaces, EAST LONDON

Turnover £ 2,600
Price £60,000

Features

Well Fitted Licenced Restaurant (byo)

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 735 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, spot lights, Air conditioning with hot air. Bar, EPOS till. Tables and chairs providing seating for 35 People, CCTV system (6 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), fridge, 3 freezers, microwave, dishwasher, double sink and drainer, etc.

Baking Room with Oven

Basement in the region of 320 ft²;

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Staff room.
Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £3,700 p.w. with a Gross profit of 65% approx. (NO ONLINE PORTALS)

Staff

The business is at present operated by the vendor (part time) with 3 full time staff employed.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £19,000 p.a.

Business Rates from April 2025 £5,000 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 £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote