Licenced Restaurant in Middlesex For Sale

Corner Premises, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 8,000
Price £135,000

Features

Attractive Licenced Mediterranean Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,400 ft² WITH BI FOLD DOORS, wood strip floor, ceiling with haning lights. Bar, EPOS till, Air conditioning with hot air. Tables and chairs providing seating for 60 People, CCTV system (7 cameras, 1 monitor).

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

Open plan kitchen area, stainless steel extractor unit,, Gas 6-burner Cooker, deep fryer (2 pan), microwave oven (commercial), large grill, pizza oven with conveyor belt (single deck), dishwasher (commercial), double sink and drainer, stainless steel preparation tables, refrigerated making table..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (15% online Sales)

Staff

The business is at present operated by the vendor with 2 full time & 1 part time staff.

Trading Hours

6 Day week (2am Licence Friday & Saturday)
TUESDAY - Thur 4pm - 11pm
FRIDAY - SAT 12 noon - 11pm
SUN 12 noon - 9pm

Outside

Rear access

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 2022 with reviews every 5 years (next review 2027) at a current rent of £36,000 p.a.

Business Rates from April 2024 £3,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote