Licensed Restaurant

Price:

Leasehold - £250,000

Turnover:

Seller Ref:

CL001206

Location:

London, SW London, Victoria

Business Type:

Food Service Businesses

See Other:

Restaurants for sale in London
Food service businesses for sale in London

Description:

THE BUSINESS:

Well established business that has been trading on this site for the past 12 years and operated by the owners with the assistance of various staff, serving high class British cuisine. This business is only currently trading from one part or the unit with the second being rented out. However the complete double unit of approx. 2,020 sq. ft is available.

Advised turnover c£18,000 per week working on a gross profit iro 55-60%.

Location Details:

Sought after position in centre of Victoria close to stations and many hotels and office buildings benefiting from a heavy footfall of passing trade from tourists, shoppers and office workers. The business is also in close proximity to Buckingham Palace.

Lease Terms:

20 year lease commenced March 2001 with 5 yearly rent reviews with a current overall rent of £65,000 per annum. Net rent after deduction of rent achieved from adjoining unit if rented out £37,500 pa.) Rates £26,500 pa.

Trading Hours:

Monday to Friday 12noon-3pm. & 5pm-10.00pm Saturday 5pm-10.30pm. Closed Sunday