Licensed Restaurant in West London For Sale

Situated in a parade, busy road, residential & commercial area, WEST LONDON

Turnover £ 7,000
Price £125,000

Features

Licensed Japanese Restaurant

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,065 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot and hanging lighting, cool display counter with refrigerated storage section, EPOS till, Tables and chairs providing seating for 28 People.

Kitchen, stainless steel extractor unit, 6-burner Gas Cooker, 3 freezers, 4 fridges, 3 stainless steel preparation tables, dry store, double sink and drainer, CCTV system (4 cameras, 1 monitor)

Basement in the region of 500 ft², used for storage purposes.
Office.

Turnover

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

Staff

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

Trading Hours

6 Day week
TUESDAY - FRIDAY 5.30pm - 10pm
SATURDAY & SUNDAY 12 noon - 3pm then 5.30pm - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £26,000 p.a.

Business Rates from April 2024 £1,350 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote