Exceptional Restaurant & Bar in Middlesex For Sale

Detached property, prominent trading position, residential, office and commercial area, Middx.

Turnover £ 5,500
Price £195,000

Features

Bar & British and Mediterranean Restaurant

4 STAR HYGIENE RATING
COVERED BALCONY WITH SEATING FOR 40 PEOPLE
THE SQUARE PROVIDES ADDITONAL SEATING FOR 80 PEOPLE

DOUBLE FRONTED PREMISES in the region of 2,025 ft² WITH CANOPY, wood strip floor, hanging lights, gas fired central heating. Tables and chairs providing seating for 70 People. Bar, EPOS till, glass fronted display fridges. Disabled Toilet with w.c. and wash hand basin, additional Toilet with w.c. and wash hand basin, CCTV system (5 cameras, 1 monitor).

Basemnet in the region of 325 ft².
Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, grill, convector oven, microwave, deep fryer (2 pan), 8 fridge, 4 freezer, dishwasher, double sink and drainer, 2 stainless steel preparation tables.

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

Stock room.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 65% approx.

The market square is included in the lease, each stall pays £25+ per day

Staff

The business is at present operated by a Manager with 3 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 10am - 10pm

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 2020 with reviews every 3 years (next review 2026) at a current rent of £35,000 p.a. + VAT In addition we understand there is a Service charge of £2,334 p.a. approx. (every 3 months)

Business Rates from April 2023 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote