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Reference R1870
Situated in a parade, excellent main road trading position, office and commercial area, CENTRAL LONDON BLOOMSBURY
Turnover £ 7,500
Price
£249,950
Features
Licensed African / Mediteranean Restaurant
4 DAYS OPENING
SINGLE FRONTED PREMISES. Air conditioned. CCTV (27 cameras). Marble tiled floor, spot and pendant lighting. Tables and chairs seating 100 persons. Bar, under-counter fridges, ice maker.
KITCHEN. Stainless steel extractor, charcoal grill, oven, microwave, deep fat fryer, gas hob, fridges and freezers, double sink and drainer, wash hand basin, stainless steel preparation tables
Ladies' cloakroom with toilet and sink
Gentlemen's cloakroom with toilet and sink
Basement (used for functions). Tables and chairs seating 150 persons. Bar.
Walk-in cold room
Ladies' and Gentlemen's cloakroom
Turnover
WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w.
Staff
The business is at present operated by 2 partners with the assistance of 3 part time staff.
Trading Hours
4 Day week
Thursday - Sunday - 5 p.m - 12 midnight
Friday and Saturday can trade until 1 a.m
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord. We are advised the present lease (originally 20 years from 2002) has been extended and now expires in 2034, the next rent review is in 2027 and thereafter every 5 years at a present rent £75,600 plus VAT.
Business Rates from April 2023 £40,000 approx. (Please contact local authority to confirm)
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £249,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 124,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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