Stratford Café/bar & Portugese Restaurant For Sale

Business description

East London, Stratford/Leytonstone Borders. Café/Bar & Portugese Restaurant, Double Unit Seating 624, Facing Main Through Road, Long Lease Residue.

Turnover:
The seller has informed us weekly sales are in the region of £3,500/£4,000. Would also suit other cuisines.

Equipment:
Usual complement of equipment as follows:-Glass fronted display cabinet, 2 microwaves ovens, cash register, coffee machine, 4 door stainless steel under fridge, chest freezer, twin basket fryer, charcoal grill, 6 ring commercial gas cooker and fridge. (The above items of equipment have not been tested).

Special Remarks:
After 4 years of ownership the vendor now fancies a change of scenery and offers for sale the double shop with the benefit of a long Lease in place. WOULD SUIT MOST CUISINES.

Property information

Property:

Leasehold

Lease terms:

We understand that approximately 19 years remain on the Lease at current rent of £30,000 per annum for double shop.

Living accommodation:

Presently the upstairs is used as a pool room, but subject to normal planning consent, could be converted to a studio flat.

Location:

Business Premises:
Glazed frontage under newly installed fascia leads to double unit having tiled flooring, coloured painted walls and attractive lighting. To the right is Café which seat 18 at smart tables and chairs and houses enclosed well fitted servery with stainless steel sink and 4 door under fridge. Adjoining is good size well equipped kitchen with overhead extractor, part stainless steel clad walls and work stations. To the left is restaurant area seating 44 plus further space for additional seating, but currently used for standing room for drinking.

Position:
Located mid parade fronting busy through route not far from the Olympic site, in a area that is thickly populated in all directions plus bus stop opposite as well as retail shops and businesses plus bus stop opposite.

Business Operation

Trading hours:

Monday to Saturday, 9.00am to 1.00am and Sunday 10/10.30am to 1.00pm.