Modern Licensed Restaurant in Middlesex For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 7,000
Price £140,000

Features

Modern Licensed European Restaurant

NEWLY FITTED 2021
6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 650 ft² with CANOPY. Wood strip floor, suspended ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 40 persons. Bar, cash register. CCTV system (6 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, grill, 2-pan deep fryer, ice machine, 6-burner gas cooker, under-counter fridge, fridge, 2 freezers, refrigerated making table, 2-deck pizza oven, 2 sinks with drainer, preparation table, microwave

Walk-in coldroom

Small Stockroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 65% approx. (25% online sales via Deliveroo, etc)

Staff

The business is at present operated by a husband & wife team with 2 part time kitchen staff plus 1 part time front of house.

Trading Hours

6 Day week
CLOSED MONDAY
Tuesday - Thursday - 12 noon -3 p.m & 6 - 11 p.m
Friday & Saturday - 12 noon - 3 p.m. & 5 p.m. - 11 p.m.
Sunday - 12 noon - 10.30 p.m.

Accommodation

THE ACCOMMODATION entrance via door to the right of the shop to FLAT above, at present let on a shorthold tenancy providing a rental income of £1,650 per month. The accommodation comprises:

4 Bedrooms (3 doubles, 1 single)
Box Room
Fitted kitchen / diner
Lounge
Bathroom with bath, toilet and wash sink

Outside

Rear yard with parking space for 1 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a NEW SECURE RENEWABLE LEASE from a private landlord, granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £26,667 p.a. plus VAT. (As will be appreciated with the current rent of £19,800 from the accommodation, the net rental payable at the present time is only £12,800 p.a).

Business Rates from April 2023 £1,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus VAT plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote