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Reference R9941

Licensed Restaurant with Events Licence in Middlesex For Sale

Licensed Restaurant with Events Licence in Middlesex For Sale
Licensed Restaurant with Events Licence in Middlesex For Sale Buy a Licensed Restaurant with Events Licence in Middlesex For Sale Sell a Licensed Restaurant with Events Licence in Middlesex For Sale

Register to see map and to make an appointment Situated in the heart of the High Street, residential, office and commercial area, close to university, MIDDLESEX

Turnover 10,000
Price 169,500

Features

Licensed Mediterranean Restaurant with Events Licence

6 DAYS OPENING

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 10,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 full time & 2 part time staff employed. 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 en suite bedrooms
Fitted kitchen

We understand the accommodation is let on a room by room basis & provides a rental income of 3,540 p.m.

Outside

Yard to rear with parking for 1 car.

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 2013 with reviews every 5 years (next review 2023) at a current rent of 46,000 p.a. (With the current rental income of 42,480 p.a. in respect of the accommodation, the net rent payable at the present time is only 3,520 p.a).

Business Rates from April 2021 10,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 169,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 84,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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