Attractive Spanish Restaurant in West London For Sale

Situated in a parade, densely populated residential area, WEST LONDON

Turnover £ 6,500
Price £89,950

Features

Well Presented Spanish Restaurant

DOUBLE FRONTED PREMISES in the region of 685 ft² WITH ELECTRIC SHUTTERS and canopy, wood strip floor, ceiling with hanging lights. Bar, 3 fridges, glass washer, Coffee Machine (1 Group), coffee grinder, EPOS till, sink, 2 Air conditioning units with hot air, CCTV system (7 cameras, 1 monitor), Tables and chairs providing seating for 50 People, Bluetooth sound system.

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

Kitchen with stainless steel extractor unit, Gas 5-burner Cooker, Oven, deep fryer (2 pan), grill, 2 microwave, 4 fridge, 2 freezer, double sink and drainer, sink.

Stock room, deep freeze, 2 fridge's.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a Gross profit of 65% approx. (5% online sales)

Staff

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

Trading Hours

7 Day week
MONDAY - THURSDAY 5.30m - 10pm
FRIDAY & SATURDAY 12 noon - 11pm
SUNDAY 12 noon - 10.30pm

Outside

Rear yard & Parking space for 1 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 2017 with reviews every 5 years (next review 2027) at a current rent of £21,500 p.a.

Business Rates from April 2024 £1,770 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote