Attractive Licensed Restaurant in Middlesex For Sale

Situated in a parade, excellent trading position, MIDDLESEX

Turnover £ 5,000
Price £100,000

Features

Well Fitted Licensed Romanian & Mediterranean Restaurant

Tables and chairs providing seating for 75 People

DOUBLE FRONTED PREMISES in the region of 1,430 ft² with laminated strip floor. Bar, EPOS till, Coffee Machine (3 Group), coffee grinder, Ground Tables and chairs providing seating for 40 People, CCTV system (6 cameras, 1 monitor)

Kitchen, stainless steel extractor unit, Cooker (Gas 6-burner) (on lease), Combi Oven, dishwasher (commercial), glass washer, 3 freezers, 2 freezers, 2 microwave, charcoal grill.

First Floor in the region of 435 ft² with
Tables and chairs providing seating for 35 People
Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Second Floor in the region of 175 ft²
Store room.
Staff room.
Staff Toilet with w.c. and wash hand basin and shower.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the 2 partners with 3 full time staff employed.

Trading Hours

7 Day week (2am LICENCE)
MONDAY - SUNDAY 11am - 10pm

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 15 years in 2013 with reviews every 5 years (next review 2028) at a current rent of £48,500 p.a. + VAT

Business Rates from April 2024 £3,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1995, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote