Top Rated Middle Eastern Restaurant For Sale

Business description

Full Service Middle Eastern Restaurant operating under full time management with little owner involvement and trading at approximately £80-90,000 per month. Located on a very busy shopping street in West London noted for its large number of 3 to 5 star hotels within the vicinity, this business trades so well due to its extensive referral network of hotels, this business has an excellent track record of strong trade thanks to an excellent position on this busy street and successful local marketing.

Located close to the intersection of two busy city streets, this location has very good and consistent foot flow with a good mix of business and residential passing trade.

Very well equipped, the business benefits from a fully equipped food prep area & kitchen in the basement. Fully air-conditioned throughout, this business has a prime location and has developed successfully through its professional management, excellent staff and food. The business has an excellent local reputation, and has benefited from that. A well established location with excellent foot-fall.

Trade:

The business is a Full Service Middle Eastern Restaurant catering for the areas substantial hotel referral trade as well as benefiting from a first rate location.
Staffed currently by 4 full time and 8 part time staff.
We are advised that trade is approximately £20,000 p/week
Seating for 85.

Property:
The property is arranged over the ground floor then kitchen/open grill to the rear, and further kitchen facilities to the rear , internal storage and WC facilities and managers office.

GROUND FLOOR RETAIL ZONE A 27.10m2,
GROUND FLOOR RETAIL ZONE B 22.70m2,
GROUND FLOOR RETAIL ZONE C 32.10m2,
GROUND INTERNAL STORAGE /FACILITIES 5.50m2
BASEMENT Internal Storage 47.30m2
Kitchen 27.40m2 Toilets (public & Staff) 5.85m2
TOTAL 167.95m2
Shop frontage approx 6m wide. Ground Floor set up with Food prep &serving counter to the immediate left upon entry with customer queuing and some seating to the left, main seating area to the rear for 70+ covers .
Access to the basement, currently used for storage, with full kitchen and food prep facilities in place.

The unit is offered in excellent internal condition.

Property information

Property:

Leasehold

Lease terms:

The property is held by virtue of a 15 year full repairing and insuring lease expiring in 2012. Passing rent is £69,000 per annum.
5 yearly reviews. Next review 2008. Leaseholder in discussions with Landlord to extend lease further 15 years.
We have not been advised regarding a further service rent.

Location:

Located close to the intersection of two busy city streets, this location has very good and consistent foot flow with a good mix of business and residential passing trade.

The area is a well known location for "tourist" class hotels being well located for Central London, and is also well known as a destination for eating out.

Other information

Expansion potential:

The business is operating under a proven formula so the opportunities for expansion to other sites are considerable for the right operator.

Competition / Market:

This business has forged a niche by building up an excellent referral network with many of the local hotels, which supplements the local residentail/business trade.

Reasons for selling:

Whilst the business is run succesfully under management the owner has other business interests he wishes to pursue.

Trading hours:

8;30am to 1;30am, 7 days a week

Furniture / Fixtures value:

£350,000 (included in the asking price)

Related documents:

• 
• NW208 Blind Profile