Attractive Licensed Restaurant In North West London For Sale

Business description

At present French cuisine, which could obviously be continued and in our opinion there is potential for further types of cuisine, if desired.

SEATING FOR APPROXIMATELY 50 PERSONS ON GROUND & FIRST FLOOR

Entrance to SINGLE FRONTED GROUND FLOOR RESTAURANT with laminated strip floor, wall & ceiling lighting. Tables and chairs providing seating for 20 persons. BAR.

Disabled cloakroom with w.c. and wash hand basin

Stairs to first floor ADDITIONAL RESTAURANT AREA with woodstrip floor, ceiling lighting. Tables and chairs providing seating for an additional 30 persons.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

LEVEL KITCHEN with non-slip floor and fully equipped including stainless steel extractor system, stainless steel cladding to walls (cooking area), 4-burner gas cooker, single deep fryer, upright single door stainless steel fridge, 1 small stainless steel desert fridge, 1 small deep freeze, 2 drawer stainless steel fridge/freezer, double sink & drainer, wash hand basin, dishwasher etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in an excellent trading position, residential/commercial area, close to hospital, LONDON, NW

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 70% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Lunches - Friday, Saturday & Sunday - 12 noon - 3 p.m.
Evenings - Tuesday - Sunday inclusive - 6.30 p.m. - 10.30 p.m.
CLOSED ALL DAY MONDAY

Employees:

The Restaurant is at present operated by 2 partners with the assistance of 2 full time and 2 part time staff.

Other information

Financing available:

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