Substantial Restaurant and Bar in East London For Sale

Situated in a parade, main road trading position, EAST LONDON

Turnover £ 8,000
Price £125,000

Features

Substantial Restaurant & Bar

4 DAYS OPENING
FORECOURT WITH SEATING FOR 16 PEOPLE
5 STAR HYGIENE RATING
LIVE MUSIC LICENCE

DOUBLE FRONTED PREMISES in the region of 2,235 ft² WITH ELECTRIC SHUTTERS AND CANOPY, vinyl floor, spot lights, Air conditioning with hot air. Bar, 3 taps plus seating for 3 People, EPOS till, glass fronted drinks display fridge, glass washer. Tables and chairs providing seating for 80 People, CCTV system (12 cameras, 1 monitor).

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

Kitchen with stainless steel extractor unit, Cooker (Gas 8-burner), charcoal grill, 2 x microwave, 3 fridge's, freezer, 2 dishwasher's, ice machine, stainless steel preparation tables, deep fryer (2 pan), coffee grinder, Coffee Machine (2 Group).

Walkin cold-room
Walkin Freezer.

Office
Laundry room with washing Machine & Dryer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (slight deliveries)

Staff

The business is at present operated by the vendor, 3 kitchen staff, 3 servers, 1 Bar person and additional staff as required

Trading Hours

4 Day week (2.30am Licence)
THURSDAY & SUNDAY 1pm - 11pm
FRIDAY & SATURDAY 1pm - 2.30am

Outside

Rear garden with Parking for 1 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 2017 with reviews every 5 years (next review 2027) at a current rent of £39,000 p.a.

Business Rates from April 2025 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote