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Attractive & Spacious Licensed Restaurant

Undisclosed London
Situated in a parade, excellent trading position, LONDON, SW
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 69942
ADVERT IMPRESSIONS : 8,432 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Fast Food
SALE: Agent Sale

LEASEHOLD:

£89500
 

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BUSINESS DETAILS:

Features : Outstanding opportunity to acquire a spacious Licensed Restauarant all refurbished and new fitted approximately 2 years ago. Trading as Thai cuisine which could obviously be continued and in view of the excellent main road trading position there is potential for other types of cuisine, if desired.

Front area with space for 2 tables and 4 chairs to -

ATTRACTIVE SPACIOUS DOUBLE FRONTED RESTAURANT with quality woodstrip floor, ceiling with inset spotlighting. Tables and chairs providing seating for 50 persons. New BAR, 2 double door glass fronted counter fridges, ice machine, sink, computerised till.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

LEVEL KITCHEN newly fitted approximately 2 years ago, non-slip floor. The equipment includes 5-burner Chinese cooker, 3 stainless steel tables, 2 stainless steel fridges, 1 stainless steel deep freeze, 2 upright deep freezes, 1 double sink and drainer, 1 single sink and drainer etc.

STAIRS TO SPACIOUS BASEMENT AREA with separate fire exit. In our opinion the basement has potential for development as an additional catering area, possibly a wine bar.

Location : Situated in a parade, excellent trading position, LONDON, SW

Opening Hours : 12 noon - 11 p.m. seven days per week

Turnover : WE ARE INFORMED the turnover averages £4,000/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Tenure : We understand the premises are held on a secure renewable lease having 18 years unexpired from January, 2012 at a rental of £32,000 p.a. exclusive of rates up to January, 2015 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £17,000 p.a. approx. (under appeal)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Staff : The restaurant is at present operated by the vendors on a part time basis with the assistance of 2 full time chefs, 1 part time washer-up plus an additional part time staff in the restaurant area.
   
  FOR SALE
   

REFERENCE:

R3001 / RightBiz
   
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