Licensed Restaurant and Takeaway in East London For Sale

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

Turnover £ 4,500
Price £120,000

Features

Licensed Caribbean Restaurant & Takeaway

TOTAL SEATING FOR UP TO 50 PEOPLE (over 2 floors)
4 STAR HYGIENE RATING

DOUBLE FRONTED RESTAURANT PREMISES in the region of 700 ft² WITH ELECTRIC SHUTTERS, tiled floor, hot and cold display serveover counter, EPOS till Tables and chairs providing seating for 20 People.

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), deep fryer (2 pan), grill, warmer, bain marie (8-pot), salad bar, under counter fridge, microwave, sink

Basement in the region of 240 ft², with storage area and Additional seating Tables and chairs providing seating for 20 People.

Preparation room, double sink and drainer, sink, double sink and drainer.

Walkin coldroom.

Office

Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (45% SALES VIA PORTALS)

Staff

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

Trading Hours

M - T - 12 - 6
Wed - Thu 12pm -8pm
Fr & Sat 12pm - 9pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2013 with reviews every 3 years (next review 2028) at a current rent of £17,500 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote