Spacious Japanese Restaurant in Camden Town For Sale

Situated in a parade, excellent trading position, just off main road, densely populated residential & commercial area, NW LONDON CAMDEN TOWN

Turnover £ 6,000
Price £65,000

Features

Spacious Licensed Restaurant

Trading as Japanese cuisine for the last 7 years, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

Front area with space for 4 tables & chairs, if desired

SPACIOUS RESTAURANT with laminated strip floor, ceiling with inset lighting. Tables & chairs providing seating for 40 persons. Dispense bar.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor, part tiled walls plus stainless steel cladding to walls. The equipment includes 7-burner Chinese cooker, gas cooker, 3 fridges, 2 deep freezers, double sink & drainer etc.

Large basement with 4 rooms - ideal for storage purposes

Turnover

WE ARE INFORMED the turnover over the year averages £6,000 p.w. including some takeaways. No deliveries are undertaken & in our opinion there is potential to introduce deliveries, if desired. Due to Covid-19 the business at the present time only operates for Takeaways.

Staff

The restaurant is at present operated by a husband & wife team with the assistance of 2 kitchen staff plus 2 waiters/waitresses in the restaurant area.

Trading Hours

Operated Tuesday - Friday inclusive - 6 p.m. - 9.30 p.m.
(last orders)
Operated Saturday inclusive - 12 noon - 3 p.m. & 6 p.m. - 9.30 p.m.

Outside

Small yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2026 at a rental of £32,000 p.a. exclusive of rates. We further understand the landlord, subject to satisfactory references, is prepared to grant a new lease at rent and terms to be agreed.

Uniform Business Rates: £10,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote