Spacious Restaurant in Buckinghamshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Bucks.

Turnover £ 18,000
Price £250,000

Features

Spacious Restaurant

4 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 20 PEOPLE

GLASS FRONTED PREMISES in the region of 2,550 ft² with wood strip floor, suspended ceiling with spot and hanging lighting, sales counter, EPOS till. Tables and chairs providing seating for 100 People over 2 floors.

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 8-burner), pizza oven (2-deck), refrigerated making table, preparation table, Cooker, grill, 2 x Tandoori oven, kebab machine, hot cupboard, 2 x deep fryer (2 pan), fridges, CCTV system (8 cameras, 1 monitor).

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Walkin coldroom

Mezzanine with additional seating.
Stock room.
Staff Toilet with w.c. and wash hand basin.
Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a Gross profit of 65% approx. (£1,000 on deliveries)

Staff

The business is at present operated by the vendor plus family support with 5 full time & 4 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12noon - Midnight

Outside

Parking space for 10 car.

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 2015 with reviews every 5 years (next review 2030) at a current rent of £53,500 p.a. + VAT

Business Rates from April 2024 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote