Spacious well fitted LICENSED RESTAURANT
Price:
Leasehold - £120,000
Location:
London, North London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a spacious Restaurant, at present South Indian & Sri Lanken cuisine, which could obviously be continued and in our opinion, in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.
We are advised by the vendor that the Restaurant has won an award as the best Sri Lanken Restaurant in the UK.
ATTRACTIVE LICENSED RESTAURANT refurbished and newly fitted approx. 5 years ago.
Front area with space for 2 tables and 6 chairs to -
SPACIOUS RESTAURANT (can be open front - weather permitting). Woodstrip floor, attractive ceiling with lighting. Tables and chairs providing seating for 40 persons. Bar with sink. Dumb waiter to kitchen.
Staircase to lower ground floor providing function room with woodstrip floor. Space for tables and chairs for approx. 28 persons.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.
Stairs to basement providng commercial kitchen with tiled floor and tiled walls. The equipment includes 2 6-burner gas cookers, 1 griddle, large stainless steel extractor, 3 stainless steel tables, stainless steel hot cupboard, 2 domestic microwave ovens, upright deep freeze, 1 chest deep freeze, walk-in coldroom, double sink and drainer, wash hand basin.
2 Dry Goods Stores
Wine Store
Staff changing room
Staff w.c. and wash hand basin
Doors from lower ground floor function room to rear paved area, has previously been used as beer garden with tables and benches providing seating for 30 persons, in our opinion having potential for development as an additional seating area, with the benefit of parking space for 1 car. We are further advised that is this area is not used as a beer garden area it could provide parking space for 3 cars.
WE ARE INFORMED the turnover is in the region of £4,500 p.w. in our opinion offering terrific potential for further increase in the right hands and indeed for additional home deliveries. The vendor has recently commenced conducting cookery classes and in our opinion there is terrific potential for this to be developed to provide additional income.
We understand the premises are held on a secure renewable lease having approximately 7 years unexpired at a rental of £32,500 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.
Uniform Business Rates: £7,738 p.a. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, LONDON N
7 evenings per week - 5 p.m. - 10.30 p.m. with additional opening on Saturday & Sunday for lunches -
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