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Licensed Fast Food Restaurant for Sale

Undisclosed, West Sussex
Status
FOR SALE
Advert ID
53311
Reference
R1968 / Rightbiz
Leasehold Price: £75,000
Annual Turnover: £156,000
Features:


Licensed Fast Food Restaurant:
We understand the Restaurant has a Premises Licence and in our opinion this could be developed into a Licensed Restaurant, subject to obtaining the Personal Licence.

SINGLE FRONTED FAST FOOD RESTAURANT with electric shutters.Total area in the region of 1,200 sq. ft.Gas Fired Central Heating.Tiled floor.Tables and chairs providing seating for 60 persons.Counter, electronic cash register.Bar.

Open plan kitchen.The equipment includes 6-burner gas cooker, Valentine deep fryer, stainless steel extractor unit, commercial microwave oven, 2 group coffee machine, panini toaster, double sink and drainer, wash hand basin etc.

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Turnover:
WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff:
The business is at present operated by 2 partners with the assistance of 2 part time staff.

Trading Hours:
Monday - Saturday inclusive - 8.30 a.m. - 6 p.m.
Sunday opening - 9.30 a.m. - 5 p.m.

Tenure:
The vendor owns the freehold and subject to satisfactory references is 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 review at that time and thereafter every 4 years.

Uniform Business Rates:£8,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price:
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANTSubject to status, you can borrow up to£ 37,500 (lease)to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
Listing Details
Location: Undisclosed, West Sussex
Sector:
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Advert Reference: R1968 / Rightbiz

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