Immaculate Fast Food Restaurant in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 6,750
Price £99,500

Features

Immaculate Gourmet Burger Bar

PRICE REDUCED FOR QUICK SALE DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Outside seating for 12 customers.

5 STAR HYGIENE RATING

SHEER GLASS SINGLE FRONTED PREMISES, in the region of 925 ft², Quality synthetic flooring (wood and tiled effect), plasterboard ceiling with spot and feature pendant lights, CCTV (8 cameras), integrated music system.

Tables, chairs and booth seating for 40 customers.

Sales counter. EPOS cash register, under counter Cater-Cool beverage refrigerator with 3 doors, Cater-Ice machine, Cofphon ice crushing machine, wash hand basin.

Unisex cloakroom with toilet and wash hand basin.

Kitchen - Non slip lino floor, tube lighting.

Stainless steel extractor, 2 Falcon grills, Alto Shaam oven, double-eyed Valentine chips machines, Empire chip dump, single-burner Buffalo Cooker, hot unit, 2-storey hot unit, Panasonic microwave, milkshake blender, Metcolfe meat grinder, Royal Catering burger patty maker, under-counter Polar freezer, single-door Arctica refrigerator, 1 double-door Arctica freezer, 1 double-door Hoshizaki refrigerator, 1 single door Sterling Pro freezer, 3 Adande under-counter refrigerators , salad unit, Ecomax Hobart dishwasher, doublesink and drainer, hand wash basin, Wastematic 50 waste grinding machine, stainless steel preparation tables, etc,


Office.

Store room.

Staff rest / changing room

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,750 p.w. with a Gross profit of 60% approx. (60% takeaway / deliveries)

Further potential to increase with the introduction of additional lines and the sale of beers, wines and spirits (subject to obtaining the appropriate licences.)

Staff

The business is at present operated by the Manager with the assistance of 1 full time staff and 3 part time staff.

We are informed the wage bill averages £2,000 p.w. approx.

Trading Hours

6 Day week
TUESDAY - SATURDAY 12 noon - 10 pm
SUNDAY 12 noon - 9 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2020 with reviews every 4 years (next review 2028) at a current rent of £23,500 p.a.

Business Rates from April 2024 £500 approx. after small business relief (Please contact local authority to confirm)

PRICE REDUCED FOR QUICK SALE DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, 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