Wimpy Restaurant in West Sussex For Sale

Excellent shopping precinct position, WEST SUSSEX LOCALITY.

Turnover £ 7,000
Price £89,500

Features

Spacious Wimpy Restaurant

Impressive WIMPY RESTAURANT, seating for 87 persons. Tiled floor and well appointed including tables and chairs. Well equipped including 2 griddles, 3 deep fryers, catering toasters, refrigerated counter, electronic cash register, ice machine, milk machine, Coca Cola machine (on loan), ice cream machine, 2 fridges, 2 deep freezes plus 3 storage deep freezes.

Washing up area with dishwasher, sinks, etc.
Fully shelved stockroom.
Ladies' & gentlemen's cloakrooms.
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 60% approx.

Staff

The business is currently operated by the vendor with the assistance of 4 full time and 5 part time staff. It will be appreciated upon inspection that with a more active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 6 p.m.
Sunday opening - 9 a.m. - 4.30 p.m. (optional)

Accommodation

THE ACCOMMODATION, all recently refurbished and redecorated, comprises:

2 Double Bedrooms (1 in our opinion could be split to provide a separate lounge)
Bathroom with bath, w.c. and wash hand basin.
Kitchen

We are advised the premises is currently let on an assured short hold tenanct and provides a rental inclome of £1,300 p.c.m.. Vacant possession can be granted as required.

Tenure

We understand the premises are held on a new 10 years lease from March, 2025 at a rental of £43,700 p.a. exclusive of rates up to March, 2030 with rent to be agreed at that time.

Uniform Business Rates: £17,000 p.a. approx. + water rates.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote