STUNNING CONTEMPORARY EUROPEAN RESTAURANT

Bexleyheath, London

Status

FOR SALE

Date Submitted:

15/09/21

Advert ID

282902

Reference

C1071 / Rightbiz
Leasehold: £350,000
Annual Rent: £31,000
Annual Turnover: £780,000
Annual Net Profit: Available upon request

SUPERB LOCATION - IMMACULATE PREMISES - 120 COVERS - TURNOVER £15,000 PWK - 16 YEARS LEASE

Location

These immaculately presented premises occupy a prime corner location fronting a busy secondary street, close to Bexleyheath station and serving a well populated residential area. The business enjoys trade from over a wide catchment area.

Business

The business was established by our Clients some 4 years ago and is now only being marketed as a result of the Vendors ill health.

Turnover

£15,000 PWK @ 60% G.P.

Staff

Owner plus 5 full timers and 5 part timers    WAGES - £2,200 PWK

Hours

12.00pm to 3.00pm and 5.00pm to 11.00pm   Tues to Sat (Closed Mon) 12.00pm to 3.00pm Sun

Premises

Imposing corner premises with double frontage and single entrance to: Conservatory area: with retractable roof and seating for 25 covers. Main Restaurant Area: with a further 60 covers at quality furniture, air con unit, Bar counter, till, drinks chiller, coffee machine. Customer Ladies and Gents W.C's. First floor Dining area: with 35 further covers. Bar: fully equipped. Kitchen (at ground floor level) well equipped including: 2x6 burner ranges, chargrill, griddle, double fryer, grill, turbo oven, extractor canopy, pizza oven, 2 twin door chillers,  twin door freezer, 2 microwave ovens, deep st/stl sink, dishwasher.  Second floor: With Customer W.C. Staff Room: OUTSIDE: 2 Parking spaces.

Tenure

16 Years remaining on original 20 year lease                RENT - £31,000 VAT PA (4 year reviews) 

                                                                                                    Next review 2025. 

EPC Rating

Band E

Business Rates

Nil currently payable

Key Features
  • High Turnover
  • Town Centre location
  • Fully Fitted
  • Established Business
  • Prime Location
  • Adjacent to Multiple Retailers
Contact Agent
Advert Reference:
C1071 / Rightbiz
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