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Reference R9394

Well Fitted Restaurant in Middlesex For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, MIDDLESEX

Turnover 3,500
Price 65,000

Features

Attractive well Fitted Licensed Restaurant

ATTRACTIVE SINGLE FRONTED RESTAURANT with laminated strip floor. LED lighting. 2 Air conditioning units. Tables & chairs providing seating for 34 persons. Dispense Bar.

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor, stainless steel cladding to walls. The equipment includes stainless steel extractor system, 5-burner gas cooker, double deep fryer, 3 fridges, 1 deep freezer, double sinke & drainer etc.

Turnover

THE BUSINESS is at present closed due to Covid-19 virus, however we are advised that the turnover when trading was in the region of 3,500/4,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The restaurant is at present operated by the owner with the assistance of staff.

Trading Hours

When trading
CLOSED ALL DAY MONDAY
Tuesday - Friday inclusive - 12 noon - 2.30 p.m. & 5 p.m. - 10 p.m.
Saturday opening - 12 noon - 11 p.m.
Sunday - 12 noon - 9 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancy & provides a rental income of 1,300 per month, however we understand that vacant possession can be give on completion. The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Yard at rear with parking

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a current rental of 18,000 p.a. exclusive of rates. We understand there are rent revisions every 3 years. (As will be appreciated with the current rental income from the accommodation of 15,600 p.a. the net rental payable at the present time is only 2,400 p.a. exclusive if rates).

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

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