Portuguese Restaurant in Middlesex For Sale

Situated in a parade, excellent main road trading position, residential area, MIDDLESEX

Turnover £ 9,000
Price £210,000

Features

Licensed Portuguese Restaurant

FORECOURT WITH SEATING FOR 12 PEOPLE
5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 850 ft² WITH ELECTRIC SHUTTERS AND CANOPY, wood strip floor, ceiling with spot lights, Air conditioning with hot air. Bar with 1 Tap, EPOS till, Tables and chairs providing seating for 85 People, CCTV system (5 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), 6-burner grill, 2 x Deep fryer, 5 fridges, 2 freezers, 2 microwave, dishwasher, double sink and drainer.

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

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a Gross profit of 65% approx. (£600 per week online)

Staff

The business is at present operated by the lady vendor with 3 full time staff plus 2 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 12 noon - 9.30 p.m.
FRIDAY & SATURDAY 12 - 10.30 p.m.
SUNDAY 12 noon - 9.30 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,400 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Small Yard for bins

First Floor Patio with Shed

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 2015 with reviews every 3 years (next review 2027) at a current rent of £30,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £210,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 105,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote