Mediterranean Restaurant in Orpington For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, KENT. ORPINGTON

Turnover £ 9,000
Price £82,500

Features

Licensed Mediterranean Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED GROUND FLOOR PREMISES in the region of 2,260 ft². Air conditioned. Tiled flooring, suspended ceiling with spotlights. Tables and chairs seating 80 persons. CCTV

Customers cloakroom

BAR. Stalls. Electric cash register, 2 group coffee machine, knockout drawer and grinder, beer pump, double door under-counter fridge, ice machine, wash hand basin, under-counter freezer.

Customers cloakroom with toilet and wash hand basin

SEPARATE KITCHEN. Tiled flooring, tube lights. Stainless steel extractor.

Storage area

First floor in the region of 1,615 ft². Additional seating. Tables and chairs for 40 persons

Sperate ladies' and gentlemen's cloakrooms with toilets and sink.

Storeroom

Staff room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 5 full time staff plus the assistance of 3 part time staff. We are informed the wage bill averages £2,250 p.w. approx.

Trading Hours

6 Day week
MONDAY, WEDNESDAY, THURSDAY, FRIDAY & SATURDAY - 5.30 p.m. - 11 p.m.
SUNDAY - 12 noon - 5 p.m.
CLOSED TUESDAY

Outside

Garden to rear. Potential to develop additional seating.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £50,000 p.a. plus VAT

Business Rates from April 2022 £12,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £82,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 41,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote