Licensed Restaurant in Central London For Sale

Situated in a parade excellent main road trading position, office area, easy distance of Underground Station, CITY OF LONDON

Turnover £ 8,000
Price £90,000

Features

Licensed Restaurant & Bar

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,070 ft², tiled floor, ceiling with spot lights, cool display counter with refrigerated storage section, EPOS till, stainless steel extractor unit, 2 x kebab machine, charcoal grill, drinks display fridge, fridge, freezer. Tables and chairs providing seating for 46 People, CCTV system (4 cameras, 1 monitor)

Basement in the region of 400 ft².

Preperation Kitchen.

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

Walkin coldroom

Walkin Freezer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time & 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 12 noon - 12 Midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £40,000 p.a.

Business Rates from April 2023 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote