London West End Fish And Chips Restaurant Takeaway For Sale

Business description

Very Busy Location In London's West End, 32 Seater Licensed Fish & Chips Restaurant & Takeaway Business, High Turnover Supplemented By Rental Income From Associated Flats.

Turnover:
We understand current turnover £6,000/£7,000 per week. Good demand with scope to increase product lines. Potential for Sunday trading and to introduce home/workplace delivery service.

Equipment:
2 pan counter range, basket fryer, gas grill, microwave, fish-keeper, double width fridge, upright fridge, 2 upright freezers, electric fly killer, canopy with electric extractor fan, cooker, large chest freezer, glass-fronted fridge, potato peeler & chipper. (The above items have not been tested by Rosens).

Special Remarks:
The current proprietor has firmly established the business and has expended a considerable sum of money on modernising and improving the premises and flats above. Restaurant featured in Evening Standard's ''Best Fish & Chips Guide'' and Time Out London's ''Eating & Drinking Guide''.

Property information

Property:

Leasehold

Lease terms:

Lease term 32 years from 1984, expires 2016 (renewable under Landlord & Tenants Act) at current rental of £45,000 pa to end of term. There are 3 s/c flats above and when all let has potential income of £51,000pa.

Living accommodation:

Separate entrance to 2 x one bedroom flats plus studio flat on three floors above restaurant producing annual income of £51,000 from assured shorthold tenancy lettings.

Location:

Business Premises:
Well presented premises with hardwood-framed, three quarter glazed traditional styled frontage and angled tiled entrance suitable for wheelchair access plus forecourt area with seating for 8 covers. The interior has non-slip tiling throughout, painted walls & ceilings (with flush, low voltage lighting) and seating for 24 covers in centrally heated sales area & extension at rear. Downstairs basement has spacious preparation kitchen, separate potato works, 2 storage areas and customer toilets (some local restaurants have converted their basements to seating areas for 30/40 covers).

Position:
Situated in London's bustling West End, surrounded by offices (which regularly enquire about a delivery service), shops and residential properties in an area that is popular with tourists/visitors. Good trading conditions at all times during the day.

Business Operation

Trading hours:

Monday to Thursday 11:30am to 10:00pm. Friday 11:30am to 11:00pm and Saturday 4:00pm to 10:00pm.