Most Attractive Bistro Restaurant in East London For Sale

Excellent trading position, residential, office and commercial area, EAST LONDON

Turnover £ 9,500
Price £250,000

Features

Most Attractive Licenced Restaurant

5 STAR HYGIENE RATING
FORECOURT WITH SEATING OR 12/16 PEOPLE
COVERED REAR GARDEN WITH SEATING OR 25/30 PEOPLE

TRIPLE FRONTED PREMISES, tiled floor, hanging lights, Air conditioning with hot air, sales counter, EPOS till. Tables and chairs providing seating for 45/50 People, CCTV system (7 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Electric Cooker, hot plate, grill, Oven, Prep fridge, freezer, 2 x dishwasher, double sink and drainer

Walkin coldroom.

Dry Store..

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. with a Gross profit of 65% approx. (20% DELIVERIES)

Staff

The business is at present operated by the Husband & Wife team with 7 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - WEDNESDAY - 8am - 4pm
THURSDAY & FRIDAY 8am - 10pm
SATURDAY & SUNDAY 9am - 10pm

Outside

Rear access for deliveries

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in December 2020 with reviews every 5 years (next review 2030) at a current rent of £37,100 p.a. + VAT

Business Rates from April 2025 £7,300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote