West End Restaurant For Sale
Price:
Leasehold - £100,000
Business Type:
Food Service Businesses
The business is situated in an excellent trading position on Rupert Street, near the junction with Shatesbury Avenue (A401). The Piccadilly Circus Underground (Bakerloo and Piccadilly Lines) and excellent bus links are also close-by. The unit is located opposite to the London Trocadero as well as many local and independent covenants including Starbucks, Yo Sushi, Samurai Sushi, Waxy O’Connor, Apollo, Gielgud and Prince of Wales Theatres. The area benefits from bustling primary parades with high footfall and a rich mix of bars, nightclubs, hotels and theatres.
DESCRIPTION
The premises is a highly visible doubled fronted, ground floor air conditioned unit. The internal area comprises: a full length dining room, bar and Ladies WC. There is also ample storage and a fire exit door leading to the street. The kitchen and Gent’s WC is located in the basement with additional storage space. The restaurant consists of 50 internal covers.
THE BUSINESS
Our client established the business in 1993 and has built up an excellent reputation for high quality Indian cuisine. The premises currently operate under an A3 user class with alcohol license. The restaurant benefits from post and pre theatre dinner reservations as well as return business from customers.
The business is situated in an excellent trading position on Rupert Street, near the junction with Shatesbury Avenue (A401). The Piccadilly Circus Underground (Bakerloo and Piccadilly Lines) and excellent bus links are also close-by. The unit is located opposite to the London Trocadero as well as many local and independent covenants including Starbucks, Yo Sushi, Samurai Sushi, Waxy O’Connor, Apollo, Gielgud and Prince of Wales Theatres. The area benefits from bustling primary parades with high footfall and a rich mix of bars, nightclubs, hotels and theatres.
We have been advised that the premises is held on a 15 year FRI lease which commenced in December 2003. The annual rent passing is £100,000. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have been advised by our client that the business rates payable are circa £29,200. This is to be confirmed with the council.
The business currently trades:
Mon-Sun 12:00am – 12:00am
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Business Services that may be of Interest:
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