Licensed Restaurant in West London For Sale

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

Turnover £ 7,500
Price £299,500

Features

Licensed African / Mediteranean Restaurant

4 DAYS OPENING

SINGLE FRONTED PREMISES. Air conditioned. CCTV (27 cameras). Marble tiled floor, spot and pendant lighting. Tables and chairs seating 100 persons. Bar, under-counter fridges, ice maker.

KITCHEN. Stainless steel extractor, charcoal grill, oven, microwave, deep fat fryer, gas hob, fridges and freezers, double sink and drainer, wash hand basin, stainless steel preparation tables

Ladies' cloakroom with toilet and sink

Gentlemen's cloakroom with toilet and sink

Basement (used for functions). Tables and chairs seating 150 persons. Bar.

Walk-in cold room

Ladies' and Gentlemen's cloakroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w.

Staff

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

Trading Hours

4 Day week
Thursday - Sunday - 5 p.m - 12 midnight
Friday and Saturday can trade until 1 a.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord. We are advised the present lease (originally 20 years from 2002) has been extended and now expires in 2034, the next rent review is in 2027 and thereafter every 5 years at a present rent £75,600 plus VAT.

Business Rates from April 2023 £40,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £299,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 149,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote