Spacious Well Equipped Restaurant & Takeaway For Sale

Business description

Well established Restaurant & Takeaway catering for Central Asian dishes, fish dishes, jacket potatoes, burgers, pizzas, kebabs etc.

Front area with space for 4 tables and 10 chairs to -

SPACIOUS SINGLE FRONTED RESTAURANT & TAKEAWAY, quality tiled floor, ceiling with fluorescent lighting, hanging lighting plus wall lighting. Front takeaway section with cool display serveover counter, salad cool display unit, stainless steel extractor system, Tandoori oven, 2 kebab machines, double deep fryer, charcoal grill, 4-pot bain marie, heated display cabinet, 2 group coffee machine, coffee grinder etc.

10 tables and 40 chairs

SPACIOUS REAR KITCHEN with tiled floor, double door stainless steel fridge, stainless steel racking, upright glass fronted fridge, walk-in deep freeze, 6-burner gas cooker with double oven, Lincoln single deck pizza oven with conveyor belt, stainless steel extractor, stainless steel cladding to cooking area plus tiled walls, griddle, double sink and drainer, 3-door counter fridge etc.

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

Property information

Property:

Leasehold

Lease terms:

We undertand the entire premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a current rental of £60,000 p.a. plus VAT, exclusive of rates, with rent revisions. (As will be appreciated with the rental income from the 6 studio flats currently in the region of £50,400 p.a. the net rental payable at the present time is only £9,600 p.a. plus VAT, exclusive of rates).

Uniform Business Rates: £7,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

Included in the lease are 6 SELF CONTAINED STUDIO FLATS with FULL GAS FIRED CENTRAL HEATING, all at present let on shorthold tenancies and provide a rental income. These STUDIO FLATS are as follows: Flat No. 1. Large Room comprising bed/living room with kitchen area, en suite shower room with shower, w.c. and wash hand basin. Rental income £1,000 per month. 2 Additional Self Contained Studio Flats each comprising bedroom/living room with kitchen area and en suite shower room with shower, w.c. and wash hand basin each providing a rental income of £750 per month. 2 Further Self Contained Studio Flats each comprising bedroom/living room with kitchen area, en suite shower room with shower, w.c. and wash hand basin. We are advised each providing a rental of £650 per month. In addition there is a small Self Contained Studio Flat comprising bedroom/living room with kitchen area and en suite shower room with shower, w.c. and wash hand basin providing a rental income of £400 per month.

Location:

Situated in a parade, excellent trading position, W LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase, especially with earlier opening to cater for breakfasts, sandwiches etc. (We understand approximately 30% of the turnover is in respect of takeaway. In addition we understand there is approximately 5% of turnover in respect of deliveries). Gross profit 60/65% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Sunday - Thursday inclusive - 10 a.m. - 11 p.m.
Friday & Saturday - 10 a.m. - 3 a.m.

Employees:

The business is at present operated by the vendor with the assistance of 4 full time staff.

Other information

Financing available:

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