Licensed Restaurant in Middlesex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Middlesex

Turnover £ 7,000
Price £50,000

Features

Licensed Restaurant (closed)

NEWLEY FITTED 2022
FREE PARKING
5 STAR HYGIENE RATING
FORECOURT WITH SEAING FOR 6 PEOPLE (subject to Licence)

SINGLE FRONTED PREMISES in the region of 600 ft² WITH ELECTRIC SHUTTERS AND CANOPY, laminated strip floor, suspended ceiling with spot lights & Hanging Lights, Air conditioning with hot air.Bar with 4 taps, EPOS till, Tables and chairs providing seating for 80 People.

Kitchen, stainless steel extractor unit, Cooker (Gas 6-burner), fridge, freezer, microwave oven (commercial), Tandoori oven.

Walkin coldroom.
Stock room / Store room.

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

Turnover

WE ARE INFORMED by the owner the turnover WHEN TRADING was in the region of £7,000 p.w.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2021 with reviews every 4 years (next review 2029) at a current rent of £25,500 p.a.

Business Rates from April 2025 £1,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote