Licensed Restaurant At Prime Site In Chelsea For Sale

Business description

sought after location close to many fashionable and well know restaurants attracting trade to the area. Very profitable business adv. t/o c£600,000 pa. Potential to increase. Corner site on three floors. Rent £140,000 pa. Great Opportunity.

Property information

Property:

Leasehold

Location:

Location
Prime sought after position in Chelsea close to many other well know fashionable restaurants attracting trade to the area as well as servicing local residents, tourists and shoppers.

Business
Long established Fish Restaurant operating on this site for many years having built up an excellent reputation for serving fine food and service.
Owner run with the assistance of various staff with a wage bill of c£95,000 per annum.

Advised turnover c£600,000 per annum working on a high gross profit of c80%. Current reconstituted net profit iro of £140,000 pa. (There was a considerable decline in Lunchtime trade when the West London congestion charge was introduced. This charge will cease in 2010 which should see an improvement in the lunchtime figures.)

Hours
Lunchtime and Evenings 7 days a week.

Premises
The property consists of a corner site on three floors, Ground, First and Second.

Tenure
Lease terms tba. Rent £140,000 per annum. Rates c£23,694 pa.