Newly Fitted Restaurant and Bar in East London For Sale

Situated in a parade, main road trading position, residential and commercial area, EAST LONDON

Turnover £ 7,000
Price £200,000

Features

Newly Fitted Japanese Restaurant & Bar

5 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, , laminated strip floor, ceiling with hanging lights. Bar with 1 Tap, drinks display fridge, EPOS till, Air conditioning with hot air. Tables and chairs providing seating for 80/90 People.

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), grill, fridges, freezers, stainless steel preparation tables.

Store room.

Ladies' & gentlemen's plus Disabled 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.

Staff

The business is at present operated by the 2 partners with 4 full time staff employed.

Trading Hours

5 Day week
THURSDAY - MONDAY 12 noon - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2025 with reviews every 3 years (next review 2028) at a current rent of £40,000 p.a.

Business Rates from April 2024 £5,800 approx. (under appeal) (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

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