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WELL ESTABLISHED LICENSED RESTAURANT (LATE NIGHT ENTERTAINMENT LICENCE).

Price:
Leasehold - £249,500
Turnover:
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Seller Ref:
R9101
Location:

Hertfordshire

Business Type:

Entertainment & Leisure businesses, Food Service Businesses, Pubs

See Other:
Restaurants for sale in Hertfordshire
Fast food restaurants for sale in Hertfordshire
Live music venues for sale in Hertfordshire
Other entertainment & leisure businesses for sale in Hertfordshire
Food service businesses for sale in Hertfordshire
Pubs for sale in Hertfordshire
Entertainment & leisure businesses for sale in Hertfordshire
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : Double fronted, impressive premises, Gas Fired Central Heating, carpet tiled floor.

Fully equipped including: , electronic cash register, etc.

THE KITCHEN AREA
Separate level kitchen stainless steel work surfaces, 6-burner gas cooker, commercial oven, 1 3 burner charcoal grill, 5 fridges, 4 freezers, stainless steel extractor canopy, 1 commercial microwave, 2 group coffee machine, commercial dishwasher, glass washer, double sink and drainer and separate wash hand basin, etc.

* Tables and chairs providing seating for 120 people

* Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.

WE ARE INFORMED the turnover averages £7,000 p.w. Gross profit 65 % approx.

We understand the premises are held on a secure renewable lease, having approx. 12 years unexpired at a rental of £25,000 p.a. exclusive of rates next rent review in 2 years then every 5 years

Uniform Business Rates: £8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £249,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Location Details:
End of terrace property, excellent main road trading position, residential, office and commercial area, Herts.
Trading Hours:
6 Day week (Tuesday - Sunday) 6 pm - 10 pm
Accommodation:
THE SELF CONTAINED ACCOMMODATION enterence via door to the left of the shop to Flat with Gas Fired Central Heating, Single-glazed windows over 1 floor, comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

COUNCIL TAX £2,000 p.a. approx.

Rear garden with lawn
Parking space for 5 cars.

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