Spacious & Well Equipped East London Licensed Restaurant For Sale

Business description

At present Turkish cuisine, which could obviously be continued, and in our opinion there is potential for other types of cuisine including Italian, if desired.

Attractive front area in brickwork approximately 42 sq. metres accommodating 6 tables and 24 chairs which in our opinion can be increased to accommodate 36 persons during the summer months.

SPACIOUS RESTAURANT (can be open front, weather permitting) with quality woodstrip floor, wall lighting plus ceiling with spotlighting. Full Gas Fired Central Heating. Tables and chairs providing seating for 80 persons. ATTRACTIVE BAR with tiled front and wood top servery, 3 group coffee machine, coffee grinder, 2 small fridges, 1 glass fronted small wine fridge, sink.

Rear store area with 1 large and 2 small chest deep freezes, 2 small fridges plus 1 additional fridge.

Fully tiled ladies' cloakroom with w.c. wash hand basin, electric hand dryer
Fully tiled gentlemen's cloakroom with w.c. urinal, wash hand basin, electric hand dryer

Separate staff cloakroom with w.c. and wash hand basin

STAIRS TO FIRST FLOOR KITCHEN with dumb waiter to restaurant. The kitchen is well equipped to a high standard, the equipment includes 2 upright stainless steel larder fridges, 2 3-door stainless steel counter fridges, double door glass fronted counter fridge, stainless steel extractor unit, tiled walls, 4-burner stainless steel cooker with oven, large charcoal grill, small double deep fryer, hot cupboard, 3 heat lamps, 2 commercial microwave ovens, double sink and drainer, in addition there is a large single sink with drainer, stainless steel tables.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 15 years unexpired at a rental of £34,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £7,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The EXCELLENT private accommodation, FULLY CARPETED and with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Double Bedrooms Bathroom with bath, shower over bath, w.c. and wash hand basin Large lounge with fitted kitchen area

Location:

Situated in a parade, excellent trading position, E LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. No takeaway or deliveries are undertaken.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £210,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

CLOSED ALL DAY MONDAY
Tuesday - Saturday inclusive - 12 noon - 11 p.m.
Sunday opening - 12 noon - 10.30 p.m.

Employees:

The restaurant is at present mainly staff operated. Staff employed - restaurant area 1 full time supervisor plus 2 full time and 2 part time staff. Kitchen - 3 full time chefs plus 1 kitchen porter. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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