Well fitted Restaurant and Bar in Northwood For Sale

High Street trading position, sought after locality, not far from Harrow, MIDDLESEX.

Turnover £ 5,500
Price £140,000

Features

Quality Fitted Restaurant & Bar - Recently Reopened (april 2025)

SINGLE FRONTED PREMISES in the region of 1,150 ft² with wood strip floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air. Bar with 4 taps, under counter drinks display fridge (glass fronted upright double-door), under counter drinks display fridge (glass fronted upright single-door). Tables and chairs providing seating for 85 People, CCTV system (8 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, Gas 8-burner Cooker, deep fryer (2 pan), Tandoori oven, microwave, double sink and drainer, preparation tables, 2 deep freeze, bain marie (3-pot).

Walkin coldroom

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

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. G.P. 60%

Staff

-Run by a manager with 3 full time and 1 part time staff.

The business is at present staff operated by the manager with 3 full time and part time staff as required.

Trading Hours

6 DAYS PER WEEK Licensing hours (11am - 11pm)

Tuesday - Sunday 3pm - 11 pm
NO MONDAYS

Demand and scope for longer opening hours.

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 2020 with reviews every 5 years (next review 2030) at a current rent of £30,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2024 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £140,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote