Fully equipped RESTAURANT
Price:
Leasehold - £140,000
Location:
London, North London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a well equipped Restaurant catering for grilled food plus pizzas, kebabs, piri piri chicken, chips etc.
SPACIOUS SINGLE FRONTED RESTAURANT with tiled floor, suspended ceiling with concealed lighting. Tables and chairs providing seating for 30 persons. Counter, computerised till, upright glass fronted drinks display fridge etc.
LEVEL KITCHEN with tiled floor. The equipment includes charcoal grill, double deep fryer, machine for cooking chicken, 2 doner kebab machines, 2 deep freezes, 2 fridges, microwave oven, double sink and drainer, walk-in coldroom etc.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £5,000/£5,500 p.w. including takeaway and delivery, in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £26,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income from the accommodation of £16,800 p.a. the net rental payable at the present time is only £9,200 p.a. exclusive of rates).
Uniform Business Rates: £5,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, close to University, LONDON, N
Monday - Saturday inclusive- 11 a.m. - 10 p.m.
Sunday opening - 12 noon - 10 p.m.
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £1,400 per month, however, we understand that vacant possession can be given on completion if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, wash hand basin
Separate w.c.
Living room (or 3rd bedroom)
Kitchen with fitted units
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