Lavishly Fitted Restaurant & Takeaway in Great Portland Street For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, CENTRAL LONDON GREAT PORTLAND STREET

Price £150,000

Features

Immaculate & Lavishly Fitted Licensed Restaurant & Takeaway (recently Closed)

We understand the business commenced trading May 2022

4 STAR HYGIENE RATING

The business traded as a Mediterranean restaurant, which could obviously be continued or in our opinion there is potential for other types of cuisine, if desired.

SINGLE FRONTED PREMISES WITH AWYNING in the region of 920 ft²i Tiled floor, suspended ceiling with spotlights and quality feature pendant lighting, TV menu screens. Tables and chairs seating 25/30 persons. Serving counter, touch screen till, stainless steel extractor, pizza oven, electric grill, charcoal grill, toaster, double basket deep fryer, microwave, chilled display serve over, hot display cabinet, under-counter fridge, dishwasher, juice maker, 2 group coffee machine, dough mixer, stainless steel preparation tables. CCTV and alarm system.

Unisex cloakroom with toilet and sink.

Storeroom

Stairs to

KITCHEN. Stainless steel extractor, cooker, grill, double sink with drainer, stainless steel work surfaces.

Walk-in cold room, walk-in freezer

BASEMENT in the region of 460 ft²

Turnover

WHEN TRADING the turnover averaged £3,500 p.w. in our opinion the business offers terrific scope in the right hands.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £44,200 p.a. plus VAT

Business Rates from April 2022 £22,750 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

OFFERS INVITED TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS IN EXCESS OF £150,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote