Attractive And Spacious Newly Fitted Licensed Restaurant For Sale

Business description

At present Lebanese cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

Full Gas Fired Central Heating

Electric see-through shutters to SPACIOUS SINGLE FRONTED RESTAURANT approx. 700 sq. ft. area. All newly fitted, ceramic tiled floor, attractive ceiling lighting with inset lighting, 3 wall mirrors. Granite topped tables with 20 chars (the seating capacity could readily be increased). Granite topped counter, cool display serveover section, hot display section, 2 additional cool display sections.

Open plan cooking area with stainless steel extractor system, Lincat double deep fryer, double panini toaster, charcoal grill, 2 3-door stainless steel counter fridges with granite tops, Lincat grill, 2 kebab machines.

Rear preparation area with quarry tiled floor, double sink and drainer, commercial dishwasher, additional stainless steel extractor unit, 6-burner gas cooker, stainless steel tables, ice machine.

Stairs to basement

Fully tiled ladies' and gentlemen's cloakrooms
Storage area with walk-in coldroom, double sink, stainless steel tables.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED LICENSED RESTAURANT IN THIS EXCELLENT TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main trading position, LONDON, W

Other information

Expansion potential:

The Restaurant has been recently re-opened and in our opinion offers tremendous potential for development in the right hands.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £90,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT Alternatively the vendor is prepared to remove the majority of the equipment, however the following will be left: electric shutters, front and rear extractor systems plus walk-in coldroom. PRICE TO INCUDE THE NEW LEASE AND THE ABOVE EQUIPMENT £40,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT Please also note the following. The vendor also owns an adjoining property, which is available to provide an additional Restaurant area, providing additional seating for 30/35 persons plus tiled basement with cloakroom plus additional kitchen area. This adjoining area, if desired, can be incorporated in the new lease being granted, however, the overall rental will be increased to £47,500 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.

Trading hours:

11 a.m. - 12 midnight seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.