Grill Restaurant in West London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 14,000
Price £250,000

Features

Licensed Grill Restaurant & Takeaway

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 10 PEOPLE
INSIDE SEATING FOR 10 PEOPLE

BI-FOLD FRONTED PREMISES in the region of 925 ft², wood strip floor, beams and hanging lighting. Bar, 3 undser cunter fridge, cash register, Tables and chairs providing seating for 14 People, CCTV system (7 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, 2 kebab machine, charcoal grill, cool display counter with refrigerated storage section, 2 fridge, 2 freezer, 2 slade display fridges.

Walkin coldroom.

Stock room, with freezer

First floor in the region of 350 ft² with Bar 2 under counters drinks fridge, under counter freezer, dish washer

Tables and chairs providing seating for 36 People.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £14,000 p.w. with a Gross profit of 65% approx. (15% VIA PORTALS)

Staff

The business is at present operated by the vendor with 4 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - Midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2007 with reviews every 5 years (next review 2027) at a current rent of £29,166 p.a. + VAT

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote