Spacious Old Established Licensed Restaurant & Wine Bar | | Undisclosed London | | Excellent trading position, LONDON, C | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63175
ADVERT IMPRESSIONS : 14,453 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fast Food | | SALE: | Agent Sale | LEASEHOLD: | £250000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : The Restaurant is Italian and Mediterrean cuisine and has the benefit of a Full On Licence (with food available).
The Restaurant has been in the same hands for the past 33 years and is now solely offered for sale due to the vendor's retirement. It will be appreciated upon inspection that in our opinion the Restaurant & Wine Bar would benefit from a certain amount of refitting.
Front forecourt area with tables and chairs providing seating for 30 persons (can be increased to accommodate 40/45 persons, if desired) plus to the side of the Restaurant there is space for an additional 5/6 tables providing seating for an additional 10 persons.
RESTAURANT area with high ceiling, ceiling lights. Tables and chairs providing seating for 50 persons (can be increased). Bar area, 2 group Gaggia coffee machine, coffee grinder, shelving, optics, double sink and drainer. Bar with marble top, upright glass fronted fridge, cool display serveover counter with refrigerated storage section, gravity feed slicer, deep freeze, ice cream deep freeze (on loan), 2 refrigerated cabinets with hand pumps for draft beer.
STAIRS TO LOWER GROUND FLOOR comprising SPACIOUS WINE BAR, tiled floor, ceiling with hanging lighting. Tables and chairs plus bar seating for approximately 50 persons. Cool display serveover counter, bar with wooden top, electronic cash register, glasswasher, optics, upright glass fronted fridge.
GROUND FLOOR LEVEL KITCHEN with tiled floor, stainless steel extractor unit, 2 electric Valentine deep fryers, 2 6-burner gas cookers with double oven, 2 large grills, upright stainless steel Fosters fridge, upright stainless steel fridge, dishwasher, double sink and drainer etc.
Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 urinals, w.c. and wash hand basin
Location : Excellent trading position, LONDON, C
Opening Hours : Monday - Friday inclusive - 12 noon - 3 p.m. & 5.30 p.m. - 10.30 p.m. (last orders)
Saturday opening - evenings only - 5.30 p.m. - 10.30 p.m. (last orders)
NO SUNDAY OPENING
Turnover : WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Tenure : We understand that subject to satisfactory references the landlords are prepared to grant a new 10 years lease at rental of £35,000 p.a. up to April, 2016 with a rent review at that time and indeed a Redevelopment Break Clause at that time on the landlord's and tenant's side.
Uniform Business Rates: £20,000 p.a. approx.
AS STATED THE RESTAURANT & WINE BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 33 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : OFFERS INVITED FOR THE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by 2 partners with the assistance of 2 chefs plus 1 kitchen porter plus in the Restaurant area 1 full time waiter and 2 part time waitresses. | | | | | | FOR SALE | | | | | REFERENCE: | R2491 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
