Restaurant in Wembley For Sale

Situated in a parade, excellent trading position, close to Wembley Stadium, MIDDLESEX WEMBLEY

Price £250,000

Features

Spacious well Fitted Restaurant

At present operated as traditional Samoli Food, which could obviously be continued, however in our opinion in view of the excellent trading position, there is potential for other types of cuisine including Turkish & Lebanese food.

Front area with quality tiled floor, ceiling spotlighting. Tables & chairs providing seating for 40 persons.

Access to main restaurant area with quality tiled floor, ceiling lighting. Tables & chairs providing seating for 100 persons. BAR AREA (no licence for alcohol held) with 3-group coffee machine, coffee grinder, sink, 2 fridges, 2 deep freezers.

Fully tiled disabled cloakroom with w.c. & wash hand basin
In addition there are fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Stairs to FIRST FLOOR FUNCTION ROOM accommodating a further 40 persons

GROUD FLOOR LEVEL KITCHEN with tiled floor, 6-burner gas cooker with oven, 1 electric oven, single deep fryer, 3 stainless steel fridges, 1 glass fronted fridge, 1 fridge/freezer, 1 fridge,

Turnover

WE UNDERSTAND the vendor will be pleased to discuss the turnover upon inspection.

Staff

The restaurant is at present operated by a lady vendor with the assistance of 3 full time & 4 part time staff.

Trading Hours

Sunday - Thursday inclusive - 12 noon - 11 p.m.
Friday & Saturday - 12 noon - 3 a.m. (subject to parties booked). If not the business closes on Friday & Saturday at 12 midnight.

Tenure

We understand the entire premises are held on a 20 years lease from September, 2019 at a current rental of £45,000 p.a. exclusive of rates, increasing by £1,000 per year for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £18,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £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