Licensed Restaurant in Central London For Sale

Occupying a commanding corner position, excellent trading position, office and commercial area, EC LONDON

Turnover £ 5,000
Price £100,000

Features

Licensed Restaurant & Takeaway

FORECOURT WITH SEATING FOR 16 PERSONS

5 DAYS OPENING

4 STAR HYGIENE RATING.

The business currently trades as a Plant based Restaurant, which could obviously be continued or in our opinion there is potential for other types of cuisine, if desired.

DOUBLE FRONTED PREMISES. Tiled floor. Hisence 32" t.v. Sales counter, EPOS till, 3 LED Menu Boards. Tables and chairs providing seating for 40 plus persons over 2 floors. 1315 x 1930 Multideck display chiller, 690 x 1930 multideck display chiller, La Cimball M1 coffee machine, Buffalo bar blender, shelving wall unit.

KITCHEN. Stainless steel extractor unit. Lincat fume filtration unit, Smeg convection oven, Quick 'n' Crispy fryer, Buffalo touch control single induction hob, Valera microwave,

Lower level with additional seating.

Toilet with w.c. and wash hand basin.

Preparation Kitchen. Valera prep counter freezer, Valera freezer, Polar freezer, DC series commercial dishwasher.

Turnover

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

Staff

The business is at present operated by the vendor's wife with 2 full time & 2 part time staff.

Trading Hours

5 Day week
MONDAY - FRIDAY 8 a.m - 9 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord granted for 15 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £75,000 p.a. plus VAT

Business Rates from April 2023 £32,000 approx after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote