Attractive Licenced Restaurant in Hertfordshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Hertfordshire.

Turnover £ 2,000
Price £200,000

Features

Attractive Licenced Restaurant

6 DAYS OPENING
REAR SEATING FOR 20 PEOPLE suitable for Shisha
5 STAR HYGIENE RATING
REFITTED TO A HIGH STANDARD 2024
Service road in front of parade with parking

SINGLE FRONTED PREMISES in the region of 935 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, uspended ceiling with spot and hanging lighting, Air conditioning with hot air. Bar with seating for 5 People, EPOS till, glass fronted drinks display fridge, CCTV system (12 cameras, 1 monitor). Tables and chairs providing seating for 40 People.

Kitchen, stainless steel extractor unit, Cooker (Gas 6-burner), Oven, grill, pizza oven (2-deck), refrigerated making table, glass display cabinets, ice machine, microwave, hot lamp.

Stock room with fridge & freezer.

2 Toilets with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by 2 full time and 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 12 noon - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £21,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote