| (REF: R2870) Fully Fitted Indian Restaurant |
| |
| Seller Reference: |
R2870 |
| B4S Reference: |
29817 |
| Asking Price: |
£58,500
|
| Net Profit: |
Undisclosed |
| Sales Revenue: |
£145,600 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
North London, London, United Kingdom |
| |
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED RESTAURANT with tiled floor. Tables and chairs providing seating for 52 persons.
LEVEL KITCHEN with tiled floor. The equipment includes Tandoori oven, 8-burner gas cooker, 2 microwave ovens, grill, 2 stainless steel fridges, 1 display fridge, 1 deep freeze, 1 stainless steel table, walk-in coldroom, double sink and drainer etc.
Ladies and gentlemens cloakrooms
WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase, especially with obtaining the necessary licenses in order to offer wines, beers and spirits to customers using the restaurant. The restaurant is situated close to Arsenal Football Ground and in our opinion there is terrific potential for additional trade on match days.
We understand the premises are held on a secure renewable lease, the present lease having approximately 17 years unexpired at a rental of £11,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £5,000 p.a. approx. (We understand the present owner is appealing in respect of the rates and is hopefuly of a reduction).
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £58,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
|
| |
Property: |
Leasehold |
| |
| |
Living Accommodation: |
No |
| |
| |
Location: |
Situated in a parade, main road trading position, LONDON, N |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
11 a.m. - 11 p.m. seven days per week |
| |
The restaurant is at present operated by the vendor on a part time basis with the assistance of 4 full time and 1 part time staff. |
|
|
