| (REF: R1490) Spacious Licensed Restaurant |
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| Seller Reference: |
R1490 |
| B4S Reference: |
20275 |
| Asking Price: |
£128,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£780,000 |
| 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 an attractive Licensed Restaurant, Chinese cuisine from 1968. This quality restaurant has been in the same hands since 1987 and there are genuine reasons for sale.
Ground Floor Restaurant, carpeted. Tables and chairs providing seating for 60 persons. Bar.
Stairs to first floor additional Restaurant area, fully carpeted. Tables and chairs providing seating for 60 persons plus small bar.
Ladies cloakroom with 2 w.cs, wash hand basin
Gentlemens cloakroom with w.c. 2 urinals, wash hand basin
Large basement kitchen with 2 dumb waiters to ground and first floor. The spacious kitchen is fully equipped including 9-burner Chinese cooker, 2 steamers, 1 upright single door stainless steel fridge, 2-door stainless steel counter fridge, walk-in cold room, walk-in deep freeze, double sink and drainer etc.
WE ARE INFORMED the turnover averages £15,000 p.w. in our opinion offering tremendous potential for further increase, especially under personal supervision. (Included in the turnover is takeaway and delivery of approx. £5,000 p.w). Gross profit 60% approx.
We understand the premises are held on a secure renewable lease, the present lease expiring on the 1st April, 2014 at a current rental of £66,500 p.a. exclusive of rates. We are further advised that a rent review is due at present, however, the present owner does not anticipate any material increase.
Uniform Business Rates: £27,600 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £128,000 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: |
Excellent trading position, sought after residential area, close to Hospital & Hotel, LONDON, NW |
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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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12 noon - 3 p.m. & 6 p.m. - 11 p.m. |
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Restaurant area - 4 full time waiters/waitresses
Kitchen area - 6 full time
In addition there is 1 full time driver for deliveries
It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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