Spacious Licensed Restaurant Plus Bar For Sale

Business description

This Licensed Restaurant & Bar caters for breakfasts, lunches, snacks, burgers, salads, evening meals and has the advantage of a Full On Licence. We understand the licence enables the business to be open Sunday 1 a.m. Monday, Tuesday & Wednesday 12 midnight, Thursday 2 a.m. Friday & Saturday 3 a.m.

Front area with space for 4 tables and 8 chairs (Licence Fee payable to the Council).

ATTRACTIVE LICENSED RESTAURANT plus BAR (can be open front - weather permitting). Front area with tiled floor plus raised area with woodstrip floor, ceiling with inset spotlighting. Tables and chairs providing seating for 60 persons. Bar, 1 hand pump, 2 double door counter fridges, 1 single door counter fridge.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

LEVEL KITCHEN with tiled floor. 1 4-burner gas cooker plus 1 6-burner gas cooker, double deep fryer, stainless steel tables, 4 stainless steel fridges, 1 small deep freeze, 1 upright deep freeze, 1 chest deep freeze, double sink and drainer etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from an Insurance Company, the present lease having approximately 6½ years unexpired at a rental of £30,000 p.a. exclusive of rates up to October, 2013 with rent to be agreed thereafter.

Uniform Business Rates: £8,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

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

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. (We understand the split of turnover is approximately 45% catering with the balance of 55% in respect of wet sales).

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

11 a.m. - 11 p.m. seven days per week

Employees:

At present mainly staff operated with 6 full time and 3 part time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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