Restaurant with Live music licence in Middlesex For Sale

Prime location, excellent trading position, close to the river, MIDDLESEX

Turnover £ 11,500
Price £295,000

Features

Licensed Restaurant & Full On Licence Plus Music Licence

5 STAR HYGIENE RATING
6 DAYS OPENING
OUTSIDE AREA WITH COVERED SEATING FOR 44 can be expanded to 60 weather permitting,
Additional Pavment licence for 12/14 people

DOUBLE FRONTED PREMISES in the region of 1,525 ft² Bar with seating for 5 People, EPOS till, dumb waiter. Tables and chairs providing seating for 40 People

2 Toilet with w.c. and wash hand basin.

FIRST FLOOR in the region of 750 ft²

Tables and chairs providing seating for 30 People.

Kitchen with stainless steel extractor unit, 2 x Tandoori oven, Gas 6-burner Cooker. Walkin coldroom, 2 Storage units., fridge, freezer, microwave with rear accress

Preperation area

Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,500 p.w. with a Gross profit of 65% approx. (5% Deliveries)

Staff

The business is at present operated by the 2 partners with 4 full time staff employed. with the assistance of 8 part time staff.

Trading Hours

6 Day week
TUESDAY - WEDNESDAY 6pm - 11pm
THURSDAY & FRIDAY 12pm - 3pm then - 6pm -11pm
SATURDAY 12m - 11pm
SUNDAY 12pm - 9pm

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 2013 with reviews every 4 years (next review 2025) at a current rent of £43,200 p.a. In addition we understand there is a Service charge of £4,500 p.a. approx.

Business Rates from April 2023 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £295,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 147,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote