Spacious Licensed Restaurant For Sale

Business description

At present Turkish and Persian cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT. Front area with woodstrip floor (Takeaway Section). Rear section being the Restaurant area with ceramic tiled floor. Tables and chairs providing seating for 55/60 persons (can be increased).

FRONT TAKEAWAY SECTION with stainless steel extractor unit, stainless steel cladding to walls, charcoal grill, 2 kebab machines, deep fryer.

Fully tiled ladies' and gentlemen's cloakrooms

LEVEL KITCHEN at rear of restaurant with tiled floor, stainless steel extractor, 6-burner gas cooker, 3 fridges, 3 deep freezes, double sink and drainer, wash hand basin.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £27,000 p.a. exclusive of rates for the next 3 years, with rent review at that time nd thereafter every 3 years.

Uniform Business Rates: £8,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent main road trading position, N LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Sunday - Thursday inclusive - 11 a.m. - 1 a.m.
Friday & Saturday - 11 a.m. - 3 a.m.

Employees:

The business is at present operated by the vendor with the assistance of 3 full time staff.

Other information

Financing available:

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