Grill Restaurant in Hertfordshire For Sale

Occupying a corner position, busy road, HERTFORDSHIRE

Turnover £ 3,500
Price £94,500

Features

Attractive Grill Restaurant (including Chicken, Steaks, Mixed Grill Etc)

Space in front of restaurant for tables & chairs if desired

DOUBLE FRONTED RESTAURANT occupying a corner position. Tiled floor, ceiling with inset lighting plus hanging lighting over counter area.

Tables & chairs providing seating for 28 persons.

Sales counter, electronic cash register. Display fridge for soft drinks, under counter fridge. Wash hand basin

Kitchen - Stainless steel extractor with stainless steel cladding to cooking area, charcoal grill, gas grill, microwave oven, 6 burner gas hob, oven, stone grill, double deep fryer, steamer, hot cabinet. 3 fridges, 2 freezers, mincer, pizza fridge, double sink with drainer, 2 stainless steel preparation tables, etc.

Additional preparation area to rear.

Customers' cloakroom with w.c. & wash hand basin

Rear storeroom shelved with mobile stainless steel storage unit.

Large basement - used for storage.

Turnover

WE ARE INFORMED the turnover currently averages £3,500 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands. In our opinion there is also potential t for the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence.

Staff

The business is at present operated by the vendor with the assistance of 3 full time & 2 part time staff.

It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

CLOSED ALL DAY MONDAY
Tuesday - Thursday inclusive - 12 noon - 10.00 p.m.
Friday - 3 p.m. - 10.00 p.m.
Saturday 12 noon- 10.00 p.m.
Sunday - 1 pm - 9.00 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £15,000 p.a. exclusive of rates until 2025 with rent review at that time and thereafter every 5 years. We are advised, to an approved applicant, the Landlord will grant a new lease at terms to be agreed.

Uniform Business Rates: £800 p.a. approx. after small business relief. (Contact the Local Authority to confirm).

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £94,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 47,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote