Grill Restaurant in St Albans For Sale

Occupying a corner position, busy road, HERTFORDSHIRE ST ALBANS

Turnover £ 3,500
Price £75,000

Features

Attractive Grill Restaurant (including Chicken, Steaks, Mixed Grill Etc)

Space in front of restaurant for tables & chairs if desired

DOUBLE FRONTED RESTAURANT occupying a corner position. Tiled floor, ceiling with inset lighting plus hanging lighting over counter area.

Tables & chairs providing seating for 28 persons.

Sales counter, electronic cash register. Display fridge for soft drinks, under counter fridge. Wash hand basin

Kitchen - Stainless steel extractor with stainless steel cladding to cooking area, charcoal grill, gas grill, microwave oven, 6 burner gas hob, oven, stone grill, double deep fryer, steamer, hot cabinet. 3 fridges, 2 freezers, mincer, pizza fridge, double sink with drainer, 2 stainless steel preparation tables, etc.

Additional preparation area to rear.

Customers' cloakroom with w.c. & wash hand basin

Rear storeroom shelved with mobile stainless steel storage unit.

Large basement - used for storage.

Turnover

WE ARE INFORMED the turnover currently averages £3,500 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands. In our opinion there is also potential t for the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence.

Staff

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

It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

CLOSED ALL DAY MONDAY
Tuesday - Thursday inclusive - 12 noon - 10.00 p.m.
Friday - 3 p.m. - 10.00 p.m.
Saturday 12 noon- 10.00 p.m.
Sunday - 1 pm - 9.00 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £15,000 p.a. exclusive of rates until 2025 with rent review at that time and thereafter every 5 years. We are advised, to an approved applicant, the Landlord will grant a new lease at terms to be agreed.

Uniform Business Rates: £800 p.a. approx. after small business relief. (Contact the Local Authority to confirm).

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote