Attractive Well Fitted Licensed Restaurant In Middlesex For Sale

Business description

Established by the present owners approximately 3 years ago as Thai cuisine, which could obviously be continued and in our opinion, in view of the main road trading position, there is potential for other types of cuisine, if desired.

Modern double fronted shop front to ATTRACTIVE RESTAURANT with quality tiled floor, ceiling with inset lighting. Air conditioning. Tables and chairs providing seating for 35 persons. BAR with mirror-backed shelving, optics.

Fully tiled ladies' and gentlemen's cloakrooms (shared wash hand basin)

SPACIOUS LEVEL COMMERCIAL KITCHEN with quarry tiled floor, tiled walls. Fully equipped including large stainless steel extractor unit, stainless steel cladding to walls, 5-burner Chinese cooker (new 3 years ago), 1 small fridge, stainless steel fridge, 2 stainless steel tables, double sink and drainer.

It will be appreciated upon inspection that the Restaurant area could be extended into part of the spacious kitchen to provide additional seating, if desired.

REAR PREPARATION AREA with single sink and drainer, shelving

Rear stockroom with chest deep freeze, walk-in coldroom (not used at present)

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £18,950 + VAT p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,703 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Living accommodation:

The accommodation situated on the first floor with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Bedrooms (1 double, 1 single) Tiled with bathroom with corner bath, w.c. and wash hand basin Large Lounge (or third bedroom)

Location:

Situated in a parade, main road trading position, residential area, MIDDLESEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £1,500/£2,000 p.w. including takeaway and delivery, in our opinion offering tremendous potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT PLEASE NOTE WE UNDERSTAND THAT THE LANDLORD WILL REQUIRED REFERENCES FOR CONSIDERATION IN RESPECT OF THE LICENCE TO ASSIGN AND WILL ALSO REQUIRE A THREE MONTHS RENT DEPOSIT.

Trading hours:

Lunch time - Wednesday, Thursday & Friday only - 12 noon - 3 p.m.
Evenings - 6 p.m. - 10.30 p.m. seven evenings per week

Employees:

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

Other information

Financing available:

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