Asking price: £449,993

Sales revenue: £780,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Charming Chelsea Licenced Restaurant With Excellent £15,000 weekly takings

LOCATION: This is a rare opportunity to acquire a restaurant In this most prestigious and highly sought after area.

DESCRIPTION: Prominently sited corner premises is arranged over ground, first and second floor levels. The 1,005 sq ft ground floor comprises a beautiful 50-seater restaurant which has enormous charm and character. There are fully-opening sliding doors at the front and it is backed by a glass wash-up area, excellent kitchen, cold store and an additional storage room. The main entrance to the restaurant is from the side and from the entrance lobby stairs ascend to a 915 sq ft first floor with lovely 35-seater restaurant, a 16-seater party/function room, store, cloakroom and ladies/gents/staff toilets. On the 355 sq ft second floor is a further store room, plus a staff room and admin office.

EQUIPMENT: The restaurant has an extensive range of trade equipment and a full inventory will be available for purchaser.

BUSINESS: This well established business has been in the same family hand since 1976. We are informed accounts show takings of approx £15,000 per week with a high gross profit margin of 72%.

HOURS: Mon – Sun Midday to 11.30 pm.

ACCOMM: There is no residential accommodation.

TENURE: Lease commenced in June 2001 for a term of 15 years and the current rent is £104,000 per annum with reviews every 5 years.

RATES: Business rates payable are approx £48,000 per annum.

Years established: 1976

Trading hours: Mon – Sun Midday to 11.30 pm.

Property: Leasehold

Lease terms
Lease commenced in June 2001 for a term of 15 years and the current rent is £104,000 per annum with reviews every 5 years.

Location
This is a rare opportunity to acquire a restaurant In this most prestigious and highly sought after area.

Support & training
Full handover support and training included in asking price.

Financing available
50% FINANCE GIVEN to you when you buy this business with very low monthly payments (subject to status).

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