Attractive Licensed Restaurant In Essex For Sale

Business description

At present operated as Turkish cuisine, which could obviously be continued, however, in our opinion there is potential for other types of cuisine, if desired.

The premises have A3 use plus a Café On Licence & Takeaway consent, having potential for a Wine Bar type operation providing food is for customers.

IMPRESSIVE SINGLE FRONTED SHOP FRONT, ceiling with inset lighting, quality woodstrip floor. Tables and chairs providing seating for 30 persons. ATTRACTIVE BAR with granite top, 2 group coffee machine, glasswasher, sink, 5 glass fronted counter fridges etc.

REAR KITCHEN with quarry tiled floor, stainless steel extractor unit, 6-burner gas cooker, fridges & deep freezes.

STAIRS TO FIRST FLOOR large front room providing an additional potential seating area for up to 30 persons.

Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 2 urinals, w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having 18 years unexpired from the 30th August, 2010 at a rental of £20,000 p.a. exclusive of rates up to September, 2013, increasing at that time to £22,500 p.a. exclusive of rates for the following 3 years, with rent reviews every 3 years thereafter.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Excellent corner position, end of parade, ESSEX very close to major food chains including Ask, La Tasca & Strada.

Business Operation

Expansion potential:

We have not been advised as to the exact turnover, however, in our opinion, in view of the excellent trading position, the Restaurant has terrific potential in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Sunday - Thursday inclusive - 5 p.m. - 12 midnight
Friday & Saturday - 5 p.m. - 1 a.m.

Employees:

At present operated by the vendor who is a chef with the assistance of 1 kitchen staff plus 1 restaurant staff.

Other information

Financing available:

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