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Reference R2222
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 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
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