Business for sale

Business description

Location: This business is located in East London. (Registered users can see full location details)


Turnover: WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand approx. 25% of the turnover is in respect of catering). Gross profit 65% approx.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features Full On Licence.

Front area with space for 2 tables and 4 chairs to -

Spacious double fronted premises. Licensed for up to 80 persons. Tables and chairs plus armchairs for 30 persons (can be increased to accommodate 50/60 persons). Attractive ceiling with spotlighting. Bar/Counter with attractive Brazillian oak top, 2 hand pumps, sink, mirror-backed shelving.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

Rear spacious kitchen with tiled floor, sink and drainer, deep fryer, 2 grills, microwave oven, ice machine, electric cooker, double panini toaster, chest deep freeze, fridge/freezer, dishwasher etc.


Staff The business is at present operated by 2 partners with the assistance of 3 part time staff.


Opening Hours 8 a.m. - 11.30 p.m. Sunday - Thursday
8 a.m. - 2 a.m. Friday - Saturday


Tenure We understand the premises are held on a secure renewable lease having approx, 18 years unexpired at a rental of £13,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,400 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R7655