West Hampstead Restaurants
Price:
Leasehold - £149,000
Location:
London, West Hampstead
Business Type:
Food Service Businesses
LOCATION
The business is situated in West Hampstead close to
excellent transport links.
DESCRIPTION
The premises is a highly visible ground floor restaurant
which fronts the high street with 36 covers on the ground
floor and a further 30 covers on the lower ground floor.
The internal area comprises: a full length dining room and
bar area with storage space. On the lower ground floor is
a large dining/function room with large kitchen, ample
storage space, Ladies and Gents toilet, boiler room, wine
cellar, 2 dry storage rooms and a fire exit leading to small
garden.
THE BUSINESS
Our client established the business 6 years ago and has
since built up an excellent reputation for high quality Sri
Lankan/South Indian cuisine catering to both eat in and
delivery customers. The premises currently operates under
an A3 user class.
The business boasts its own website and hosts afternoon
tea, cookery classes and monthly functions. The function
room on the lower ground floor can hold up to 30 covers.
There is a fire exit at the rear which opens to a small area
which can be used as a beer garden. There are also 2 car
parking spaces for the owner and a rear access road.
The premises would be ideal for a new or an experienced
operator looking for an established business to start
trading immediately. The opportunity exists for an
incoming purchaser to build on this established business
and greatly increase its value. The owner has now decided
to sell due to ill health.
Our client has advised that the business currently
generates a gross weekly turnover of £4,500 with 70%
GP.
We have been advised that the premises is held on a
14 year lease which commenced in 2004 with 7 years
remaining. The annual rent passing is £32,500. We
have been advised by the current tenant that the
lease is within the act and renewable at the end the
term. Formal rent reviews are conducted every 5
years.
The business currently trades:
Mon-Fri 5:00pm – 11:00pm
Sat-Sun 12:00pm – 11:00pm
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Business Services that may be of Interest:
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