| (REF: R3073) Spacious Well Fitted Licensed Restaurant |
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| Seller Reference: |
R3073 |
| B4S Reference: |
31518 |
| Asking Price: |
£64,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£260,000 |
| 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 : The restaurant has been in the same hands for approximately 20 years and there are genuine reasons for sale. Whilst well established as Indian cuisine, in view of the excellent main road trading position, in our opinion there is terrific potential for other types of cuisine including Turkish, French, Lebonese and Thai if desired.
Front area with space for 2 tables and 4 chairs
IMPRESSIVE & SPACIOUS LICENSED RESTAURANT (can be open front weather permitting). Quality woodstrip floor, ceiling with inset lighting. 2 air conditioning/heating units. Some exposed brickwork. Tables and chairs providing seating for 40. BAR with 2 glass fronted small fridges used for wine plus 1 fridge for beers, sink, music system.
Stairs to basement
Gentlemens cloakroom with half tiled walls, w.c. urinal, wash hand basin with electric hand dryer
Half tiled ladies cloakroom with w.c. wash hand basin, electric dryer
KITCHEN with dumb waiter to ground floor restaurant. The kitchen has tiled floor and is well equipped including doule sink and drainer, hot cupboard, additional hot cupboard, upright stainless steel fridge, 7-burner gas cooker, Tandoori oven, stainless steel extractor plus stainless steel cladding to walls.
Rear section with stainless steel fridge, 1 upright fridge, 1 upright deep freeze, small chest deep freeze, wash hand basin
WE ARE INFORMED the turnover averages £5,000 p.w. including takeaway and delivery, in our opinion the restaurant offers terrific potential for further development in the right hands.
We understand the landlord will grant, subject to satisfactory references is a new 20 years full repairing and insuring lease at a rental of £50,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £64,000 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, LONDON, N |
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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 - 11.30 a.m. - 2.30 p.m. & 6 p.m. - 12 midnight
Sunday opening - 4 p.m - 12 midnight |
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The restaurant is at present operated by the owner with 7 staff. |
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