American Restaurant in North London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 6,500
Price £79,000

Features

American Restaurant

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 800 ft². with ELECTRIC SHUTTERS. Kardeen flooring. Rako lighting controls throughout customisable via iPhone. Daikin air conditioning with hot air (2 cassettes controlled independently). Sales counter, EPOS till. Andy Thornton custom tables and chairs providing seating for 35 persons. Blender, American milkshake machine. CCTV system (4 cameras, 1 monitor), Alarm.

Space in front of counter ideal for new bar or dessert station.

OPEN PLAN KITCHEN. Helios fan extractor. Cooking line 4m. 2m under fridge, Blue Seal 900 griddle, Blue Seal 1,200 chargill, 2 Blue Seal double fryers, chip scuttle, salamander, waffle iron, bain marie, heated gantries, various fridges & freezers.

Disabled toilet with w.c. and wash hand basin

Comfortable office space plus basement storage with shelving.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a gross profit of 65% approx. (85% via online platforms)

Staff

The business is at present staff operated with 3 full time staff plus others as required.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 noon - 10.30 p.m
FRIDAY & SATURDAY 12 noon - 11.30 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2015 with reviews every 3 years (next review 2025) at a current rent of £26,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote