Licensed Sushi Restaurant in Stratford For Sale

Situated in a parade, excellent main road trading position, opposite large Supermarket, EAST LONDON STRATFORD

Turnover £ 10,000
Price £200,000

Features

Licensed Sushi Restaurant

LARGE COVERED GARDEN AREA with tables and chairs providing seating for 40 persons

5* HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,450 ft² with ELECTRIC SHUTTERS. Tiled floor. Tables and chairs providing seating for 16 persons. Bar, EPOS till. CCTV system (8 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, 6-burner gas cooker, 2 deep fryers, salamander grill, large oven, microwave, 4 fridges, 3 freezers, ice cream freezer, double sink and drainer, dishwasher.

2 toilets with w.c. and wash hand basin

Basement in the region of 440 ft² with walki-n coldroom & stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 65% approx. (10% DELIVERIES)

Staff

The business is at present operated by a manager with 6 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - THURDAY 4 p.m - 11 p.m
FRIDAY - SUNDAY 12 noon - Midnight
(We understand the premises has a Friday & Saturday licence will 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, granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £41,000 p.a.

Business Rates from April 2023 £500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote