Licensed Restaurant in North London For Sale

Situated in a parade, main road trading position, NW LONDON

Turnover £ 7,000
Price £120,000

Features

Licensed Restaurant

6 DAYS OPENING
FORECOURT WITH SEATING FOR 16 PEOPLE
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH SHUTTERS, tiled floor, hanging lights, sales counter, EPOS till. Tables and chairs providing seating for 50 People, CCTV system (6 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori 9 burner, oven, fridge, freezer, microwave.

Walkin coldroom.

Ladies' & gentlemen's and disabled Toilet with w.c. and wash hand basin..
Stock room.
Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor with family support with the assistance of 6 part time staff.

Trading Hours

6 Day week - (1.30am LICENCES)
TUESDAY - SATURDAY 1.30pm - 11pm
SUNDAY 2pm - 10pm

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 2020 with reviews every 5 years (next review 2030) at a current rent of £50,000 p.a.

Business Rates from April 2025 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, 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