Owners Moving Highly Successful Restaurant In Wembley For Sale

Business description

Why Wembley ?
With new, high-quality residential and business developments underway in Wembley City and nearby Brent, this desirable market is set to grow. In fact, the number of white collar workers in the primary catchment area is forecast to increase by a staggering 61.3% over the next 10 years. No other development is better placed to take advantage of Wembley’s eclectic blend of families, urban professionals and young empty nesters, nor the millions who attend events at Wembley Stadium and Wembley Arena every year. London Designer Outlet will offer unparalleled access to this leading audience, due to its exciting mix of retail, dining, and leisure opportunities and a prime location in the heart of Wembley.
Catchment area as per the LDO website8.4m people live within a 60-minute drive of LDO, while 782,000 people are within 20 minutes. 5.8m people have LDO as their nearest outlet centre – the largest catchment density for any UK outlet.
In 2010 Wembley City had 9.1 million visitors. It is estimated that Wembley City will receive approximately 21m visits per annum. London Designer Outlet is destined to become one of the leading Outlet Centres in the UK.

THE BUSINESS
Due to the owners relocating to another part of the country due to family commitments, the business is now reluctantly up for sale.
Highly acclaimed and reviewed restaurant for sale due to family relocation. Superb reviews since day one, and has been in Time Out's "Londons Best Restaurants in London Guide" every year since opening.
Very visual location for passing traffic, less than 2 minutes walk from Wembley Park underground station and five minutes from Wembley Stadium mainline station. Five minutes to Wembley Arena and the National Stadium, opposite the Fountain television studios.
Ideal location for passing foot traffic of concert goers ( 10-20 shows every month), local residents, and of course major events at Wembley Stadium (28 events this year)
Due to family circumstances, the restaurant has only opened for business in the evenings, but income could be increased further by opening for brunches, lunches, and Sundays.
The business could be opened to trade on the day of purchase with no refurbishment or works being required and could be further extended if required..

Unrestricted single yellow line car parking (after 6pm) and residential street car parking.

100 square metres of customer space, currently sitting 52 but with adjustments and smaller chairs could have 60 -70 covers
Business now in 6th year of trading and is positioned in very close proximity to the Hilton, Plaza, Premier Inn, Ibis, and Quality hotels and numerous Guest Houses, offices and local businesses.

FRONTAGE / EXTERIOR
Hand made solid teak frontage with leaded laminated glass. Double doors allow disabled access.
Wooden shelter overhanging front to allow customers to smoke and / or remain dry while reading the menu, in addition to protecting the frontage from the elements.

Lighting to name board and pavior step.


DINING AREA
Stunning interior, with fire-proofed tented ceiling, hand-carved fresco and marble walls, dimmable lighting and easily cleaned and maintained.
Feature wall at rear which can easily be painted to suit any new decor
Hand made wooden bar with integral wine storage (100+ bottle)
Storage cupboard housing new 3-phase incoming supply / meters
Three double door undercounter fridge's
Single "soft drink" and wine fridge
Stainless steel basin / mixer tap
Computerised ordering machine (printer in Kitchen)
BT / Power points
Streamline credit / debit card hand held machine
Storage space under counter
Hard-wired 10 speaker CD / Radio / Tape / MP3 music system
ECO 1 plumbed-in glasswasher
Under counter cash register
Lighting dimmer controls
CCTV recorder

Italian porcelain 12" square floor tiling throughout entire premises
Italian marble "brick" tiles to walls
Four 8kw air conditioning units with remote control heating / cooling / fan only
Two fountain / planters with small storage under
Fireproof "tented ceiling"
Hand made glass and cast iron lighting imported from Syria
Bronze Moroccan wall lights
Fire alarm call points and sounders
Emergency / Exit lighting system
Four "hidden" cctv cameras
Wooden square tables with cushioned Italian black enamelled mahogany high back armed chairs
Waitress station and storage units
Very adaptable floor space.

Arched entrance to small fully tiled corridor with doors leading to;

CLOAKROOMS
LADIES WC
Two cubicles with slim white wc's and varnished louvre doors
Two round solid marble basins and new chrome mixer taps on mosaic tiled unit with storage under
Mosaic tiled full height walls and ceiling
Emergency light
Extract fan / ducting to outside wall
GENTS WC
White corner unit and basin with chrome mixer tap
Mosaic tiled full height walls and ceiling
Disabled handles and emergency pull cord
Emergency light
Coat / Door hooks
Extract fan / ducting to outside wall

Arched entrance to ;
KITCHEN
White tiled floor to ceiling walls
Custom made extract hood with Chinese hat extract on roof
Blue Seal six burner oven
Blue Seal Salamander grill
Double glazed window with rear outlook
Stainless steel double sink / drainer
Plumbed in water heater (cooking)
Three-door undercounter refrigerator
2mh x 1m "True" fridge
Samsung Commercial microwave
Stainless steel shelving
Lincat Double deep fat fryers
2m x 1m "True" freezer
Storage area
Merlin Gerin distribution boards for lighting and power
Fire alarm control panel
Intruder alarm panel
Fire extinguishers : Water / Foam and CO2

Space for extending further if required.

STAFF CLOAKROOM
White slim fit wc
Wash hand basin
Main water boiler
Small double glazed window
Extract fan

Stable door leading to rear parking spaces (2 Nr)
Lockable roller shutter door

STAFF
Managed and run by the husband and wife owners and two chefs

COSTS
Income between £125,000 -145,000 pa (30 hours per week only)
Reduced business rates of circa £2,500 pa
Rental of £25,000 pa (9 years remaining)

PRICE AND INCLUSIONS
Including all stocks at time of agreement
Includes name and website for immediate continuation of business
Includes all plates, pots, pans and glasses
Includes all hand stitched table cloths and napkins.
Includes all music and alcohol licence fees
All furniture and fixings except some personal items
Handover training offered

Property information

Property:

Leasehold

Lease terms:

9 years remaining

Leasehold rent:

£25,000 per annum

Location:

Wembley Park, 2 minutes walk from Wembley Park station.
5 minutes from Wembley Stadium, Wembley Arena and Fountain television studios.
Surrounded by big name hotels.

Due to the owners relocating to another part of the country due to family commitments, the business is now reluctantly up for sale.
Highly acclaimed and reviewed restaurant for sale due to family relocation. Superb reviews since day one, and has been in Time Out's "Londons Best Restaurants in London Guide" every year since opening.
Very visual location for passing traffic, less than 2 minutes walk from Wembley Park underground station and five minutes from Wembley Stadium mainline station. Five minutes to Wembley Arena and the National Stadium, opposite the Fountain television studios.
Ideal location for passing foot traffic of concert goers ( 10-20 shows every month), local residents, and of course major events at Wembley Stadium (28 events this year)
Due to family circumstances, the restaurant has only opened for business in the evenings, but income could be increased further by opening for brunches, lunches, and Sundays.

With new, high-quality residential and business developments underway in Wembley City and nearby Brent, this desirable market is set to grow. In fact, the number of white collar workers in the primary catchment area is forecast to increase by a staggering 61.3% over the next 10 years. No other development is better placed to take advantage of Wembley’s eclectic blend of families, urban professionals and young empty nesters, nor the millions who attend events at Wembley Stadium and Wembley Arena every year. London Designer Outlet will offer unparalleled access to this leading audience, due to its exciting mix of retail, dining, and leisure opportunities and a prime location in the heart of Wembley.
Catchment area as per the LDO website8.4m people live within a 60-minute drive of LDO, while 782,000 people are within 20 minutes. 5.8m people have LDO as their nearest outlet centre – the largest catchment density for any UK outlet.
In 2010 Wembley City had 9.1 million visitors. It is estimated that Wembley City will receive approximately 21m visits per annum. London Designer Outlet is destined to become one of the leading Outlet Centres in the UK.

Size in square feet:

120 sq m

Planning consent:

N/A

Business Operation

Expansion potential:

Large area for extending at rear to increase Kitchen / Food Prep area or seating

Competition / Market:

Indian and Chinese restaurants only (3 Nr) Could be utlised into any cuisine or a mixture of many. The restaurant is Mediterranean / Lebanese / Greek and no comeption in these cuisines are near. There are no other cuisine restaurants in the area

Reasons for selling:

Owners are relocating to another part of the country, business open to sensible offers.

Trading hours:

05:30pm to 11:30pm Mon - Fri
05:30 pm t midnight Sat
Sun closed

No restrictions on opening hours, evening only opening due to family commitments. vast increase in turnover if opened for lunches and Sundays.

Employees:

3

Years established:

in seventh year

Other information

Support & training:

Handover to new owners as required. Full support will be offered

Website:

Please click here to view the link

Related documents:

• 
• Document

Home based:

This business can be run from home.