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Reference R1787
Turnover £ 6,000
Price
£170,000
Features
Licensed Restaurant & Steakhouse
DOUBLE FRONTED PREMISES. Ceramic tiled floor, pendant lighting. Tables and chairs seating 35 persons. Counter - electric cash register, sliding door fridge for drinks, dishwasher, milk shake machine.
Door to KITCHEN, tiled floor, tube lights. Stainless steel extractor, 2 grills (charcoal and gas), 6 burner hob, oven, deep fryer, microwave, double door upright fridge, freezer, 4 stainless steel preparation tables, double sink and drainer, shelving.
Store room - 2 freezers.
Disabled cloakroom with toilet and sink
Turnover
WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx.
Staff
The business is at present operated the vendor part time, with 2 full time staff employed plus the assistance of 1 part time staff.
Trading Hours
7 Day week
MONDAY - SUNDAY 12 noon - 11pm
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 4 years in 2020 with reviews every 4 years (next review 2024) at a current rent of £16,000 p.a.
Business Rates from April 2023 £1,540 approx. payable (Please contact local authority to confirm)
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 85,000 (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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