Restaurant and Takeaway in West London For Sale

Situated in a Parade, excellent trading position, close to football club, residential, office and commercial area, WEST
LONDON

Turnover £ 20,000
Price £330,000

Features

Substantial Chicken Restaurant & Takeaway

5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with spot and LED lighting, sales counter, 2 x EPOS till, 3 x LED Menu Boards, milkshake machine, drinks dispenser (on loan). Tables and chairs providing seating for 30 People.

Open plan kitchen area, stainless steel extractor unit, Henny Penny, oven, deep fryer (2 pan), 2 burner gas grill, 2 x hot cupboard, counter fridge, deep freezer, double sink and drainer, breading table.

Walkin coldroom.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 65% approx. (30% on line sales)

Staff

The business is at present operated by the vendor (part time) with 3 full time staff & 6 part time staff.

Trading Hours

7 Day week (2.30am LATE LICENCE)
MONDAY - THURSDAY 10am - 12 Midnight
FRIDAY 10am - 2am
SATURDAY 11am - 2am
SUNDAY 11am - 12 Midnight

Outside

Rear yard with Parking space for 1 small car.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a current rent of £35,000 p.a.

Business Rates from April 2024 £150 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1991, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £330,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 165,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote