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BUSINESS REFERENCE : 10452 / RightBiz LEASEHOLD RESTAURANT IN LONDON | | | | | | Mediterranean Restaurant West Hampstead, London T/O: £201,000 GP: 56% approx Double fronted ground floor restaurant. Refurbished to a high quality throughout True walk-in and trade opportunity | | | BUSINESS LOCATION: | Undisclosed London UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £114,950 + SAV | ANNUAL RENT: | £24,000 | | | | | | | | | | | BUSINESS DETAILS: | The Caza Restaurant occupies a prime trading location on the Finchley Road in West Hampstead, London. The restaurant is at the base of a large block of apartments in this affluent and sought after area of London. Close by are other complementary businesses, including high end furniture stores, fashion retailers and eateries, which all produce good footfall to the area. West Hampstead is renowned for its fine period housing, good schools and recreational facilities, including the nearby tennis club.
Bag a Business is delighted to offer to market this quality restaurant based in the affluent area of West Hampstead in London. The Caza restaurant has been completely refurbished to a high standard by the current owners, in such a way that the decor and fittings would lend itself to most styles of cuisine, such as Italian, French and English. The present owners have built up a reputation for supplying quality food and service, which in turn gives them high levels of repeat business. The business currently achieves a turnover of £171,600 per annum with a gross profit margin of 65%. The restaurant has a prime trading location on a major junction, giving high visibility to passing trade. This provides the restaurant with a steady flow of new customers. The decor is based on contemporary colours with modern quality furnishings, leather seating and wooden floors. The 45-cover restaurant offers to its customers a mix of classic Mediterranean dishes including pasta, pizza, grilled fish and meats, mezzie style starters and quality wines and beers. Bag a Business urges early viewing to appreciate the quality and flexibility of this restaurant.
FINANCIAL DETAILS
W/T: £3,300 approx.
GP: 65% approx.
OPENING HOURS
Mon - Sat: 12.00pm - 3.30pm and 6.00pm - 11.00pm Sun: 12.00pm - 9.00pm
ACCOMMODATION DETAILS
Large double fronted, fully glazed, ground floor restaurant
GROUND FLOOR
Front entrance leading to:
Open plan restaurant.
Quality wooden floors throughout
Tables for 2 and 4 covers totalling 48 covers
Leather and chrome chairs
Fixed leather seating.
Halogen lighting
Various wall art
Fully fitted bar
Coffee machine
Full air conditioning
Commercial kitchen with 8-burner range, char grill, pizza oven, Salamander grill, pannini grills, commercial microwave ovens, upright and chest fridge and freezers, stainless steel prep tables and wash up area
Ladies and gents toilets.
EXTERNAL
Car parking
Alfresco dinning area with 8 to 10 covers
TENURE
Leasehold
Original lease length: 10 years
Remaining lease length: 8 years
Review every 5years
Rent: £24.000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10452 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
