Attractive Licensed Restaurant In North London For Sale

Business description

The Restaurant is at present Persian cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

We understand the Restaurant can be open until 1 a.m. during weekdays and to 2.30 a.m. on Friday & Saturday.

SINGLE FRONTED RESTAURANT with ceramic tiled floor, ceiling lighting. Tables and chairs providing seating for 40 persons (can be increased to accommodate in excess of 60 persons, if desired). Dispense Bar.

LEVEL KITCHEN with tiled floor, the equipment includes 6-burner gas cooker with single oven, 3-burner grill for kebabs, deep fryer, 4 stainless steel tables, double sink and drainer, wash hand basin, 1 wine fridge, 1 double door fridge, 2 double door stainless steel deep freezes, 1 single door upright deep freeze, walk-in coldroom, chest deep freeze, electric fan assisted oven, panini toaster, coffee machine, computer, 5 microwaves etc.

Fully tiled ladies' and general cloakrooms each with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 yeas unexpired at a rental of £20,000 p.a. exclusive of rates for the next 4 years, with rent to be agreed thereafter.

Uniform Business Rates: £7,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, main road trading position, office, commercial and residential area with the benefit of 2 colleges nearby, LONDON, N

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 11 p.m. seven days per week

Employees:

The Resturant is at present operated by the vendor who is a chef plus 1 full time chef and 2 part time kitchen staff. Restaurant area - 2 full time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance