Attractive And Spacious Licensed Restaurant | | Undisclosed West Midlands | | Situated in a parade, busy road, residential area and with the advantage of being approximately WEST MIDLANDS | | ADVERT NUMBER : 53517
ADVERT IMPRESSIONS : 15,057 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | FREEHOLD: | £299500 | LEASEHOLD: | £49500 | | | | | BUSINESS DETAILS: | Features : Attractive and spacious Licensed Restaurant at present Thai cuisine which could obviously be continued and in our opinion there is potential for other types of cuisine, if desired.
Brick forecourt area with parking for 2 cars to -
SPACIOUS DOUBLE FRONTED RESTAURANT. Laminated strip floor. Quality tables and chairs providing seating for 52 persons (can be increased to accommodate 60 persons). Small fish pond with running water. 3 air conditioning units. Ceiling with inset lighting plus wall lighting. Bar area, 2 sinks, 1 drainer, optics, glass shelving, upright glass fronted wine fridge, upright double door glass fronted counter fridge etc.
Level kitchen with non-slip floor. Well equipped including stainless steel extractor unit, 7-burner Chinese cooker, gas double deep fryer, charcoal grill, rice cooker, 2 microwave ovens, hotplate warmer, sink and drainer, dishwasher, stainless steel tables, upright double door stainless steel fridge, additional fridge, upright deep freeze, chest deep freeze etc.
Internal staircase to First Floor
Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with w.c. urinal, wash hand basin
Staff cloakroom with w.c. wash hand basin plus shower
Large storeroom with 2 deep freezes, washing machine plus tumble dryer
Staff changing room
Small wine store
Location : Situated in a parade, busy road, residential area and with the advantage of being approximately WEST MIDLANDS
Opening Hours : Evenings - Sunday - Thursday inclusive - 6 p.m. - 10.30 p.m.
Friday & Saturday - 6 p.m. - 11 p.m.
Turnover : WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 65/70% approx.
Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent view at that time and thereafter every 4 years.
Uniform Business Rates: £3,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £299,500 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : In addition on the first floor are 2 double bedrooms
It will be appreciated upon inspection that there is potential to extend the living accommodation into the other rooms on the first floor, if desired.
Outside : Yard at rear with parking space for 1 car. In addition there is a brickbuilt store with 3 chest deep freezes.
Staff : The business is at present operated by the owner with the assistance of 2 full time chefs, 1 full time waitress plus 4 part time staff on Friday & Saturday. Wages paid in the region of £1,000 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
