Late Licensed Restaurant plus Investment in West London For Sale

Occupying a corner position, end of parade, just off the main Harrow Road, residential area, WEST LONDON

Turnover £ 3,500
Price £70,000

Features

Late Licence Pizza Takeaway and Restaurant Plus Investment

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 805 ft² WITH ELECTRIC SHUTTERS AND DOUBLE DOORS, wood strip floor, ceiling with hanging lights, sales counter, EPOS till, Tables and chairs providing seating for 20 People, CCTV system (6 cameras, 1 monitor).

Open plan kitchen area, wood fired pizza oven, 4 x fridge, freezer, Dough mixer, dough stretcher, microwave.

Toilet with w.c. and wash hand basin

Basement in the region of 460 ft² currently rented for £1,500 per month as a dark kitchen with separate entrance, stainless steel extractor unit, Gas 6-burner Cooker, fridge.

Walkin coldroom.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (80% DELIVERIES)

Staff

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

Trading Hours

7 Day week (10am - 1am Licence)
MONDAY - THURSDAY 4pm - 1am
FRIDAY & SATURDAY 11AM - 2AM
SUNDAY 11am - 111pm

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 2015 with no further rent reviews until 2030 at a rent of £23,000 p.a. with a net rent payable of £5,000 after the rental income of £18,000 from the dark kitchen.

We are advised the Landlord, if required,will accept surrender of the existing lease and grant a new lease, to an approved applicant, at terms to be
agreed.

Business Rates from April 2024 £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 PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote