Well equipped LICENSED RESTAUARANT
Price:
Leasehold - £120,000
Location:
London, North London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Opened by the present owner approximately 4 months ago as Vegetarian cuisine, in our opinion in view of the excellent trading position, there is potential for other types of cuisine, if desired.
SINGLE FRONTED GROUND FLOOR SPACIOUS RESTAURANT with ceramic tiled floor, wall and ceiling lighting. Tables and chairs providing seating for 34 persons. BAR with fridge.
STAIRS TO BASEMENT providing further RESTAURANT AREA with wall and ceiling lighting. Tables and chairs providing seating for 54 persons.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
In addition staff cloakroom with w.c. and wash hand basin
GROUND FLOOR LEVEL KITCHEN with non-slip floor. The equipment includes 2-burner Chinese cooker, 2 large single burners, 1 3-burner gas cooker, walk-in coldroom, 5 fridges, 1 chest deep freeze, 1 upright deep freeze, double sink and drainer.
WE ARE INFORMED the turnover averages £2,000/£3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
We understand the premises are held on a secure lease, the present lease having approximately 24 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £3,200 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, busy road, LONDON, N
Monday - Friday inclusive - 5 p.m. - 11 p.m.
Saturday & Sunday opening - 12 noon - 11.30 p.m.
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