Shisha Restaurant and Bar in Essex For Sale

Situated in a parade, excellent main trading position, residential and commercial area, ESSEX

Turnover £ 20,000
Price £595,000

Features

Immaculate Shisha Restaurant & Bar

5 STAR HYGIENE RATING

Shisha Area to the front with retractable ceiling seating 60 people.

DOUBLE FRONTED ALARMED PREMISES, (16 cameras), Air conditioned, Hardwood flooring, plaster board ceinging with spot lights and LED lighting.

Tables and chairs seating 40 people.


Bar - EPOS cash register, 2 hand pumps, coffee machine (2 group), grinder (on lease,) under counter fridges, mirror back shelving.

Ladies cloakroom with t0ilet and wash hands basin

Gentleman's cloakroom with toilet and wash hand basin.

Kitch - Stainlerss steel rctractor, Griddle, Charcoal griller, large oven, 2 double basket deep fat fryers, Rationale cooking centre, microwave, bain marie, chillder, diswasher, stainless steel work syrface, freezer, double sink and drainer,

Walkin chiller.

Storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 60% approx. (25% take away sales)

Staff

The business is at present operated by the vendor with 4 full time staff and 3 part time staff employed.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 noon - 11 pm
FRIDAY & SATURDAY 12 noon - 1 am

Outside

Garage used for storage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £48,000 p.a.

Business Rates from April 2024 £9,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £595,000 o.n.o plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 297,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote