Restaurant in Middlesex For Sale

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

Turnover £ 23,500
Price £3,350,001

Features

Modern Restaurant (optional Franchise)

4 STAR HYGIENE RATING

Alfresco dining area to the front seating 20 customers.

CONTEMPORY DOUBLE FRONTED PREMISES, 3,500 sq. ft. approx, CCTV (10 cameras), Hardwood flooring, concerete ceiling with track spot lights and character pendants.

Customer waiting area.

Tables and chairs seating 100 customers.

BAR COUNTER - Undercounter fridges, glass washer, ice maker, wash hand basin, preperation cunter for mocktails.

KITCHEN - Stainless steel extractor, 1200mm grill, 900 mm griddle, 4 deep fat fryers, 4 burner hob, salamander, 2 commercial microwaves, under counter fridges, salad fridge, under counter deep freeze, twin sinks with drainer, wash hand basin, stainless steel preparation tables, free standing metal shelving unit.etc.

Walkin chiller.

Walking freezer.

Disabled access cloakroom with toilet, washand basin and baby change unit.

FIRST FLOOR.

FUNCTION ROOM - Seating 25 customers.

Gentlemen's cloakroom with 2 toilets and hand wash facilities.
Ladies cloakroom with 3 toilets and hand wash facilities.

Staff changing room, toilet and sink.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £22,000 p.w.- £25,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 7 full time and 9 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11 p.m.

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 5 years (next review 2030) at a current rent of £60,000 p.a.

In addition we understand there is a Service charge of £5,000 p.a. approx.

Business Rates from April 2026 £20,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £335,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 1,675,001 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote