Grill Restaurant in Welling For Sale

Situated in a parade, excellent main road trading position, KENT WELLING

Turnover £ 12,000
Price £360,000

Features

Well Fitted Grill Restaurant

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot and hanging lighting, Tables and chairs providing seating for 120 People (can be increased). Bar, EPOS till, drinks display fridge (glass fronted upright sliding-door).

Kitchen, stainless steel extractor unit, grill (8 burner), Gas 6-burner Cooker, open charcoal grill, 3 fridge, 6 freezer, double sink and drainer, dishwasher, counter range (2 pan), chip dump, 3 microwaves

Walkin coldroom


5 Toilet with w.c. and wash hand basin.
Office.
Staff room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 - £12,000 p.w. with a Gross profit of 65% approx. (20% ONLINE SALES)

It will be appreciated upon inspection that there is terrific potential to increase the sales by introducing alcohol licence.

Staff

The business is at present operated by the 2 partners with 5 full time & 6 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11pm

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 25 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £33,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £360,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 180,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote