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Reference R7772
Turnover £ 7,000
Price
£100,000
Features
Spacious well Fitted Licensed Restaurant
Established as Portuguese cuisine for the past 14 years which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.
SPACIOUS RESTAURANT with laminated strip floor, wall & ceiling lighting. Air conditioning/heating. Full Gas Fired Central Heating. Tables & chairs providing seating for 50 persons. DISPENSE BAR with 2 group coffee machine, coffee grinder, glasswasher, sink, electric cash register.
Fully tiled ladies'/disabled cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with w.c. & wash hand basin
LEVEL KITCHEN with quarry tiled floor, stainless steel extractor, 6-burner gas cooker with double oven, large gas grill, small double deep fryer, 3-door stainless steel counter fridge, small fridge, dishwasher, small deep freezer, walk-in coldroom, upright fish fridge, double sink & drainer etc.
Storeroom with tiled floor, 2 chest deep freezers, 1 ice cream deep freezer, upright glass fronted fridge, dessert fridge, deep freezer, ice machine
Turnover
WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 65%.
Staff
The restaurant is at present operated by a husband & wife team with the assistance of 1 full time chef plus 1 part time chef. Weekends 1 part time person for washing up. Restaurant area assistance by the vendor's son.
Trading Hours
CLOSED ALL DAY MONDAY
Tuesday - 12.30 p.m. - 2.30 p.m. & 6 p.m. - 11 p.m.
Wednesday - evenings only - 6 p.m. - 11 p.m.
Thursday & Friday - 12.30 p.m. - 2.30 p.m. & 6 p.m. - 11 p.m.
Saturday - 12 noon - 11 p.m.
Sunday - 12 noon - 10 p.m.
Accommodation
The SELF CONTAINED living accommodation all in GOOD CONDITION & with FULL GAS FIRED CENTRAL HEATING. The accommodation comprises:
First Floor
Large Kitchen/Dining Room
Living Room (or 3rd bedroom)
Fully tiled bathroom with bath, w.c. & wash hand basin
Second Floor
1 Large Double Bedroom plus 1 additional double bedroom
Tenure
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a current rental of £27,000 p.a. exclusive of rates with rent reviews every 5 years. We are advised the landlord did not make any changes at the last rent review, presently the Vendor and Landlord are discussing the new rent, it is anticipated to be settled in the region of £32,000 - £35,000 pa.
Uniform Business Rates: £4,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Finance
Subject to status, you maybe able to borrow up to £ 50,000 (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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