Carribean Restaurant in West London For Sale

Situated in a parade, just off the main Uxbridge Road, residential & commercial area, WEST LONDON

Turnover £ 5,000
Price £99,500

Features

Authentic Carribean Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 750 ft², WITH ELECTRIC SHUTTERS. Industrial non slip vinyl flooring, suspended ceiling with LED light panels, CCTV (4 cameras.)

Tables chairs seating 24 customers.

Sales counter - EPOS cash register, soft drinks fridge, display chiller, undercounter fridge.

Main Kitchen - 6m Stainless steel extractor, Brat pan, 6 burner hob, double basket deep fat fryer, table top fryer, indoor smoker, blast chiller, dishwasher, double sink and drainer, hand wash basin, stainless steel preparation table, grease trap, etc.

Prepation Kitchen - 4 industrial microwaves, 2 Williams full height fridges, 2 Williams full height freezers, double sink and drainer, hand wash basin, storage, etc.

2 Dry store rooms.

Cloakroom with toilet and wash hand basin

LPG gas cupboard.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 6 part time staff.

We are informed the wage bill averages £1,300 p.w. approx.

Trading Hours

6 Day week
TUESDAY- THURSDAY 12 noon - 8 pm
FRIDAY & SATURDAY 12 noon - 9 pm
SUNDAY 2 pm - 9 pm
CLOSED MONDAY

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 2017 with reviews every 5 years (next review 2027) at a current rent of £25,000 p.a.

Business Rates from April 2024 £1,200 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND OFFERED FOR SALE SOLELY DUE TO THE VENDORS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote