Licensed Restaurant with Events Licence in Uxbridge For Sale

Situated in the heart of the High Street, residential, office and commercial area, close to university, MIDDLESEX UXBRIDGE

Turnover £ 8,750
Price £150,000

Features

Licensed Café / Restaurant with Events Licence and 6 Studio Appartments

6 DAYS OPENING ~ RENTAL INCOME SURPLUS

DOUBLE FRONTED PREMISES with awning. 425 sq. ft. Laminate floor, plasterboard ceiling with feature pendant lighting. Tables and chairs providing seating for 25 persons. Counter/Bar. Cash register, 2 group coffee machine, sliding door under-counter fridge, ice machine cake display chiller.

Outside Alfresco seating for 15 persons

Cloakroom with mirror, sink and toilet

KITCHEN. Industrial non slip flooring, LED spotlights. Stainless steel extractor, 5 fryers, electric grill, 2 microwaves, oven, rice cooker, 2 3- door stainless steel counter freezers, 2 stainless steel counter top fridges, additional free standing fridge, double sink and drainer, dishwasher,

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,750 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by 2 chefs & 3 waitresses. We are informed the wage bill averages £1,400 p.w. approx.

Trading Hours

6 Day week
Tuesday - Sunday 12 noon - 9pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to:

6 studio appartments each with ensuite shower room with toilet and wash hand basin

We are advised the TOTAL RENTAL INCOM FROM THE STUDIO APPARMENTS is £5000 PER MONTH - THE VENDOR RECEIVES A NET RENTAL SURPLUS OF £10,000 PER ANNUM

Outside

Yard to rear with parking for 1 car.

Tenure

We are advised the landlord, subject to satisfactory references, is prepared to grant a new 15 years lease with 5 yearly reviews at an initial rent of £50,000 p.a. (As will be appreciated with the current rental income of £60,000 from the accommodation, the vendor enjoys a £10,000 rental surplus).

Business Rates from April 2024 £2,700 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010

The Purchaser is to be responsible for all parties legal fees.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote