| (REF: R1965) Spacious Licensed Italian Restaurant Plus Sandwich Bar |
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| Seller Reference: |
R1965 |
| B4S Reference: |
20179 |
| Asking Price: |
£275,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£468,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
North London, London, United Kingdom |
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Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a spacious Licensed Restaurant and Sandwich Bar occupying this excellent trading position. In our opinion the business offer tremendous potential for further development in the right hands.
Spacious premises with large frontage total 2,400 sq. ft.
Impressive Restaurant seating for 70 (can be increased to accommodate 100 persons, if desired) Fully equipped with tables and chairs. Bar with sink and fridge, double glass door display fridge, glasswasher, Espresso coffee machine, electronic cash register etc.
Adjoining Sandwich Bar, including hot food section with 2 tables, 6 chairs, 8 stools, 2 cool display counters, large drinks display fridge, microwave oven, small fridge, 2 electronic cash registers, toaster etc.
Fully equipped kitchen including ice maker, dishwasher, deep fryer, 2 6-burner gas cookers, 2-deck pizza oven, microwave oven, chargrill, Zanussi grill, upright deep freeze, upright fridge, new Hobart food mixer, 4-slice toaster, walk-in coldroom etc.
Additional room with chest deep freeze
Ladies cloakroom with 2 w.cs and wash hand basin
Gentlemens cloakroom with 2 w.cs and wash hand basin
Staff toilet
WE ARE INFORMED the turnover averages in the region of £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease having approx. 17 years unexpired at a rental of £65,000 p.a. exclusive of rates up to December, 2013, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £22,000 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated in a parade, excellent main road trading position, densely populated commercial and residential area, LONDON |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Friday inclusive - 7 a.m. - 11 p.m.
Saturday opening - 5 p.m. - 11 p.m.
Sunday opening - 8 a.m. - 11 p.m.
It will be appreciated upon inspection that there is tremendous potential for Sunday opening. |
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The business is at present operated by the vendor with the assistance of 6 full time and 6 part time staff. |
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