Very Successful Chelsea Restaurant For Sale

Business description

Unique traditional Licenced Cafe/ restaurant on one of the most sought after retail streets in London, Swinging Chelsea.

This business was set up in 1973 and has been trading under the same format since the begining.

This restaurant offers traditional simple english style food with no airs or graces and is accesable and frequented by everyone from Lords, celebs tourists and even very loyal locals. In the words of the current owner " If you want champagne with your fish and chips, no problem or want to sit with a coffee and read the paper no problem" .

The business seats 81 in comfort.

The current owner has had the business for the past 7 years and is now turning over approx 900K, accounts to verify. The business is open 7 days a week from 8.30am to 11.30pm and employs approx 17 full time staff and 2 part time.


This business comes with all the required licences and is frequently written about in tour guides and newspapers and has a fantastic reputation throughout London.

Current T/O Approx £900,000 Rent £90,000 PA. Rates £34,000PA

Property information

Property:

Leasehold

Leasehold rent:

£90,000 Business Rates 34,000 per annum

Location:

This is Prime High street location in the centre of Chelsea.

Premises details:

The Premises consists of a full A3 licenced establishment complete with full kitchen and storage facilities
The seating area covers 3000 Sq feet and seats 81 in comfort.

Size in square feet:

3,000

Business Operation

Competition / Market:

There is little competition for this type of business on this street. This restaurant appeals to those who want a feel of traditional England.

Reasons for selling:

The business owner lives outside London and has other business interests, he wants to pursue

Trading hours:

Mon to Sat 8.00am to 11.30pm
Sun 11.30am 11pm

Employees:

17 Full time 2 Part time

Years established:

1973

Other information

Support & training:

The current owner will work with the new buyer for a hand over peroid and the staff will remain