Summary
- Asking price:
-
£99,000
- Sales revenue:
- £145,600
- Net profit:
- Available on request
- Employees:
- The business is at present mainly staff run with the vendor assisting on a part time basis. 3 full time plus 1 part time staff employed.
It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Business description
No Parking Problems
SPACIOUS SINGLE FRONTED PREMISES with tiled floor. Tables and chairs providing seating for 12 persons. 2 gas double deep fryers, large grill, 2 stainless steel fridges plus 1 additional fridge, potato chipper and peeler, 1 cool display unit, 2 chest deep freezes etc.
Large kitchen at rear 25ft x 10ft approx.
Staff cloakroom with w.c. and wash hand basin
Property information
- Lease terms:
- We understand the premises are held on a secure renewable lease having approximately 13 years unexpired at a rental of £18,000 p.a. exclusive of rates up to March, 2011, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £4,800 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
- Living accommodation:
- The accommodation in the form of a SELF CONTAINED FLAT comprises:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
- Location:
- Occupying a corner position, excellent main road trading position, CITY OF LONDON.
Other information
- Expansion potential:
- WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.
- Reasons for selling:
- To Include The Secure Lease, Goodwill, Fixtures & Fittings £99,000 Plus Stock At Valuation
Substantial Loan To An Approved Applicant
- Trading hours:
- 12 noon - 11 p.m. seven days per week
- Financing available:
- Substantial Loan To An Approved Applicant.