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Profitable & spacious LICENSED CAFÉ/RESTAURANT
Price:
Leasehold - £250,000
Location:
London, West London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Please note that whilst the Café/Restaurant has a Premises Licence, no alcohol is sold and in our opinion with the introduction of alcohol the business offers terrific potential for further increase.
The premises have A1 use and we understand the present owners have applied for A3 use.
The Restaurant caters at present for breakfasts, sandwiches, jacket potatoes, chicken, lasagne, pastas, burgers etc.
Forecourt area with space for 7 tables and 14 chairs to -
SPACIOUS SINGLE FRONTED CAFÉ/RESTAURANT with double door plus additional single door (not utilized at present), ceramic tiled floor, hanging ceiling lighting. Air conditioning. Tables and chairs providing seating for 48 persons. 2 cool display serveover counters, 1 curved cake cool display counter, 3 group coffee machine (on loan, subject to the purchase of coffee from the Company), coffee grinder, electronic cash register, soft ice cream deep freeze (on loan), milkshake machine, electric hotplate for crepes, 2 microwave ovens, panini toaster etc.
Stairs to spacious basement providing an additional seating area with ceramic tiled floor. Tables and chairs for approx. 30 persons.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Small office
Large kitchen with tiled floor. The equipment includes stainless steel extractor, 4-burner gas cooker, double deep fryer, 2 upright double door stainless steel deep freezes, 2 chest deep freezes, walk-in coldroom, 2 fridges, dishwasher, double sink and drainer, wash hand basin, 3 stainless steel tables, 2 mixers, 1 fan assisted oven, 2 toasters, 1 mini pizza oven etc.
WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits. Gross profit 60% approx.
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £125,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years. As will be appreciated with the rental income currently from the 3 flats over of £46,800 the net rental payable at the present time is £78,200 p.a. exclusive of rates.
Uniform Business Rates: £37,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, LONDON, W
8 a.m. - 12 midnight seven days per week
Included in the lease are 3 SELF CONTAINED FLATS over, all in GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, each comprising:
1 Large Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Fitted kitchen
2 of the flats are let to a Housing Association up to June, 2011 and provide a rental income of £275 p.w. each. The third flat is let on a shorthold tenancy and provides a further rental income of £350 p.w.
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Business Services that may be of Interest:
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