Licenced Cafe Restaurant In An Exclusive London Location For Sale

Business description

A Superbly Appointed Licenced Café Restaurant situated in what is without doubt one of the Capitals most Affluent, Prestigious and Sought After Locations. Offering a family friendly menu including all time classics such as Steaks, Burgers, Stone Baked Pizza, French Style Crepes as well as a range of Delicious Salads and Daily Specials. The premises have the benefit of a Premises Licence and our clients is able to offer clients a Good Selection of Beers and Wines and Beautifully Balanced Cocktails in the most congenial surroundings. A hidden gem in an exclusive location offering a welcoming unpretentious atmosphere not easily found outside of the Capital and already proving extremely popular with the local community’s discerning residents and having in our opinion enormous additional potential. Planning Consent for A3 Use was granted in April 2010 and, as we have already mentioned, the premises have the benefit of a current Premises Licence permitting the sale of alcoholic beverages for consumption on the premises. Takings £6,000 per week average inc vat with Gross Profits in the region of 70% trading from 8am until 11pm throughout the week but having regard to the manner in which the premises have been fitted and equipped, the existence of the valuable premises licence, the fact that the business only commenced trading in 2010 and is in our opinion still in it's infancy and, in particular, the nature of the location in which it is located, we believe it has enormous further potential The business is run by our client the vendor employing a full compliment of staff full details of which can be made available to genuinely interested applicants if required. Tenure: The premises are occupied under a lease granted in May 2011 for a term of 13 years subject to 5 yearly rent reviews the first in 2014. The Current Rent is in our opinion most reasonable at only £21,000 per annum. Our client has advised us that the provisions of section 24 to 28 (inclusive) of the landlord and tenant act 1954 are not excluded in relation to the lease. Rates: £7,036 per annum appx.

Property information

Property:

Leasehold