Most Attractive Licensed Restaurant in Essex For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, Essex.

Turnover £ 8,000
Price £300,000

Features

Modern Licenced Lithuanian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING.
LIVE MUSIC LICENCE

DOUBLE FRONTED RESTAURANT in the region of 1,975 ft² with vinyl floor, spot lights & wall lights, Air conditioning with hot air. Bar with 4 taps, EPOS till, under counter glass fronted drinks display fridge, Coffee Machine (2 Group), CCTV system (11 cameras, 1 monitor)

Tables and chairs providing seating for 80 People.

Kitchen with stainless steel extractor unit, Cooker (Electric 8 Ring), convection Oven, 4 microwaves, grill, stainless stee preparation tables, fridges, freezers, double sink and drainer, sink

Preparation / Wash room with dishwasher, sink, hand wash sink.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Staff Toilet with w.c. and wash hand basin.

2 x Stock rooms.
Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (15% via portals)

Staff

The business is at present operated by the vendor (part time) with 3 full time & 3 part time staff.

Trading Hours

6 Day week
SUNDAY & TUESDAY - FRIDAY 12 noon - 9pm
SATURDAY 12 noon - Midnight

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 2025 with reviews every 3 years (next review 2028) at a current rent of £40,000 p.a. + VAT

Business Rates from April 2026 £1,486 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote