Stanmore Restaurant For Sale

Price:

Leasehold - £90,000

Turnover:

Seller Ref:

BMA559

Location:

Middlesex , Stanmore

Business Type:

Food Service Businesses

See Other:

Restaurants for sale in Middlesex
Food service businesses for sale in Middlesex

Description:

THE BUSINESS:

The premises is fitted to very high standards and is arranged over the ground floor and basement. The cafe is well presented with a modern Moroccan decor with wooden floors and suspended lighting. The ground floor comprises a seating area with 16 internal covers and a preparation area/kitchen. The basement can be used for storage or as a kitchen area. There is a garden and WC to the rear of the unit.

THE BUSINESS
The business currently operates under an A1 user class and serves a variety of hot and cold drinks and foods.
The premises would be ideal for a new or an experienced operator to start trading immediately. The opportunity exists for an incoming purchaser to build on this turn-key operation and introduce a delivery service. The owner wishes to sell due to family issues.

TRADING INFORMATION
Our client has advised that the business currently generates a gross weekly turnover of £500 with potential to grow the business.

Location Details:

The business is situated in an excellent trading position on The Broadway (A4140) in Stanmore. The area benefits from a mix of independent shops on a busy parade with high footfall. There is also numerous bars, restaurants and retail shops. Sainsbury’s, Lloyds bank, Barclays are also within close proximity.

Lease Terms:

We have been advised that the premises is held on a 10 year FRI lease which commenced in 2007. The annual rent passing is £25,000. Formal rent reviews are conducted every 5 years. BUSINESS RATES We have been advised by our client that the business rates payable are circa £8,200. This is to be confirmed with the council.

Trading Hours:

The business currently trades: Mon-Sun 12:00pm – 2:00pm then 5.30pm to 10.30pm