| (REF: R2687) Attractive Licensed Mexican Restaurant |
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| Seller Reference: |
R2687 |
| B4S Reference: |
26707 |
| Asking Price: |
£55,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£208,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Essex, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Established by the present owners as Mexican cuisine approximately 3 years ago and previously Italian cuisine, in our opinion, in view of the excellent trading position there is potential for other types of cuisine, if desired.
SPACIOUS SINGLE FRONTED RESTAURANT with laminated strip floor. Air conditioning. Tables and chairs providing seating for 50 persons. Dispense bar.
Fully tiled ladies & gentlemens cloakrooms each with w.c. and wash hand basin
LEVEL KITCHEN with tiled floor, 6-burner gas cooker, large grill, double deep fryer, stainless steel tables, 2 commercial microwave ovens, stainless steel fridge, double sink and drainer, wash hand basin etc.
Staff toilet with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 11½ years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 1½ years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £5,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 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, ESSEX |
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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 - Saturday inclusive 5 p.m. - 11 p.m.
Sunday opening - 12 noon - 11 p.m. |
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The business is at present operated by a husband and wife team with the assistance of 4 full time and 2 part time staff. |
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