Restaurant and Cocktail Bar in Middlesex For Sale

Situated in a parade, high street trading position, MIDDLESEX

Turnover £ 4,000
Price £105,000

Features

Licenced Restaurant & Cocktail Bar

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 720 ft² WITH ELECTRIC SHUTTERS, tiled floor, spot lights. Bar with 3 taps, EPOS till, fridge. Tables and chairs providing seating for 40 People, CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 5-burner), larger fryer, Deep fryer, commercial microwave, Table fridge.

Preparation room, freezers, fridge, Walkin coldroom, preparation table.

Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS)

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 11pm

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 2018 with reviews every 5 years (next review 2028) at a current rent of £25,500 p.a.

Business Rates from April 2025 £5,464.05 (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote