Fish And Chip Restaurant In NW London For Sale

Business description

Centre of well known High Rd in good class area. Adv t/o c£10,000 pw having built fine reputation/regular clientele. Double shop seating up to 100 covers + busy takeaway. Rent £52k pa. Good opportunity.

Property information

Property:

Leasehold

Location:

Location
In the centre of a busy well know high road in NW London within a good class residential district. Close to many other shops and restaurants attracting trade to the area.

Business
Fish and Chip Restaurant operating with both a substantial 'eat in' and take away service. Run by the current owner for the past 8 years having built up a first class reputation in the area with a regular clientele.

Advised turnover currently in the region of £10,000 per week working on a gross profit of c65%.
Previously had been taking up to £15,000 per week before departure of one of the partners. So great potential for increase in takings.

Hours
Lunch and Evening trade 7 days a week. (Closed Friday evening and Saturday Lunchtime.)

Staff
Owner run with the assistance of 7 staff (some family members included)

Premises
. Ground Floor double lock up shop with half glass frontage, fully air conditioned, tiled flooring and low level lighting

Take Away service to one side of the premises equipped with a double Olympus fryer, charcoal grill 6 ring gas hob/oven, salamander, stainless steel extraction unit and refrigerated display counter.

Restaurant area along other side with seating up to 100 covers and fully equipped bar to the rear with espresso machine.

Rear of the premises accommodates a preparation room, two walk in chillers, chipper area (all tiled walls and floors) along with a staff room.
Ladies, Gent's and Disabled fully tiled cloakrooms.

Tenure
12 years remaining on lease (2009) with 5 yearly rent reviews. Next review 2010. Advised within the Landlord and Tenant Act 1954). Rent £52,000 per annum. Rates £23,000 pa.(possible application for reduction appeal).