Restaurant Bar in Orpington For Sale

Situated in a parade, excellent main road trading position, sought after residential area, KENT. ORPINGTON

Price £235,000

Features

Restaurant Bar

5 DAYS OPENING

NEWLY DECORATED SEPTEMBER 2020

OUTSTANDING DÉCOR

Currently trading as a Japanese Restaurant, which could obviously be continued, however in our opinion there is potential for other types of cuisines, if desired.

DOUBLE FRONTED PREMISES in the region of 850 ft² with canopy. Amtico flooring, ceiling with hanging lights. BAR with seating for 6 persons. EPOS till, Tables and chairs providing seating for 70 persons, Air conditioning with hot air.

LARGE KITCHEN. 2 stainless steel extractor units, 6-burner gas cooker, 2 pan deep fryer, microwave, stainless steel preparation table, grill.

Walk-in coldroom

Combi walk-in firdge & freezer

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

Turnover

WE UNDERSTAND the vendor enjoys a good turnover, full details of which will be discussed upon inspection.

Staff

The business is at present operated by the vendor with 4 full time staff & 3 part time staff.

Trading Hours

5 Day week
WEDNESDAY - SATURDAY 12.30pm - 11pm
SUNDAY 12.30pm - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2016 with reviews every 4 years (next review 2024) at a current rent of £36,000 p.a.

Business Rates from April 2021 £6,000 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 EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £235,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 117,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote