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A Fully Licensed Air Conditioned Mexican Restaurant In East Grinstead West Sussex

Undisclosed East Sussex
A Fully Licensed Air Conditioned Mexican Restaurant at East Grinstead, West Sussex. Takings £2,500 per week. Lots of Potential. Renewable lease for 25 years from 2010. Spacious Self Contained Flat. Price Only £10,000 & Offers Considered. Ref: LR8585

ADVERT NUMBER : 67905
ADVERT IMPRESSIONS : 14,012 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Restaurants
SALE: Agent Sale

ASKING PRICE:

£10,000
 

BUSINESS DETAILS:

A Fully Licensed Air Conditioned Mexican Restaurant Seating 45 one of a parade situated on a very busy main road within walking distance of the town centre at East Grinstead, West Sussex. The trading areas are laid to attractive wood effect laminated flooring and have seating for 45 at mosaic effect ceramic tiled tables. To the rear of the dining areas there is a 10ft Bar with Beer Pump, Range of Optics, Espresso Coffee Machine, Wine Rack, 2 Wine Refrigerators, Coffee Grinder, and Stainlesss Steel Sink Unit. Access via the bar area to the level commercial kitchen with a range of equipment including an 8 Burner Gas Fired Cooking Range, Deep Fat Fryer, Baine Marie,` Microwave Oven, Range of Stainless Steel Work Units, Chest Freezer, Tall Double Door Stainless Refrigerator, Industrial Dish Washer and Double Bowl and Double Drainer Industrial Sink Unit. Access via the rear of the kitchen to yard and carport.

Comprising:

Ground Floor: Approximately 992 sq ft comprising:-
Trading area with seating for 45.
Commercial Kitchen.
Dry Goods Store.
Very well appointed and separate Ladies & Gents WC & WHB facilities.
Outside: Yard area to the rear with Carport.

UPPER PARTS

Self contained residential accommodation comprising:

First Floor: 4 Rooms plus Spacious Fitted Kitchen and Bathroom with WC & WHB.

At present three of these rooms are sub-let on short-hold tenancy agreements producing £260 per week. The fourth room is retained for staff/owner occupation but this could also be sub-let when the total income from sub-letting of the upper parts would amount to approximately £360 per week.

TAKINGS: £2,500 per week average inc vat.

HOURS: Currently trading from 6pm till 10pm throughout the week.

STAFF: The business is run by our clients the vendors employing 4 part time assistants. Details of the staffing arrangements and staff costs can be made available to genuinely interested applicants.

TENURE: Renewable lease for 25 years from June 2010 subject to 5 yearly rent reviews.

CURRENT RENT: £25,000 per annum with income of up to £18,000 per annum achievable from sub-letting of the self contained residential upper parts. BUSINESS RATES: £3,593.90 per annum appx.

ASKING PRICE: NOW ONLY £10,000 + SAV & OFFERS CONSIDERED FOR QUICK SALE

REFERENCE: LR8585

VIEWING: BY APPOINTMENT ONLY VIA SALMON CHARLES ON 020 8554 2000
   
  SOLD or WITHDRAWN FROM MARKET
 
 
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