Business for sale

Business description

We are informed the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 68% approx.


Price: OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in excess of £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Outstanding opportunity to acquire a spacious Restaurant specialising in grills and takeaway and having the benefit of a good lunchtime trade.

Impressive Restaurant with 2 entrances, ceramic tiled floor, ceiling with inset lighting, 4 ceiling fans. Tables and chairs providing seating for 98 persons. Bar with optics, 3 group coffee machine, counter fridge, wash hand basin.

Open plan kitchen area with griddle, double deep fryer, bain marie, toaster, 5 fridges, 2 deep freezes, double sink and drainer, wash hand basin etc.

First Floor ladies' and gentlemen's cloakrooms plus staff cloakroom

4 rooms, 2 used for storage purposes with 5 deep freezes plus 5 fridges


Staff: The business is at present operated by the vendor with the assistance of his son on a part time basis plus 5 full time staff.


Opening Hours 8 a.m. - 9.30 p.m. seven days per week


Tenure We understand the premises are held on a secure renewable lease having approximately 19 years unexpired at a rental of £55,000 p.a. exclusive of rates for the next 3 years, increasing at that time to £57,000 p.a. exclusive of rates for the following 1 year, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £24,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8239