Spacious Licensed Restaurant For Sale

Business description

Outstanding opportunity to acquire a spacious Licensed Restaurant, at present Spanish cuisine, which could obviously be continued, and in our opinion there is potential for other types of cuisine, if desired.

Service road in front of parade with parking restricted to 1 hour during the day. The restaurant has the benefit of its own car park at rear for approximately 20 cars.

SPACIOUS MULTI-WINDOWED RESTAURANT with double entrance door. Quality heavy duty laminated floor. 2 air conditioning/heating units, ceiling with inset lighting plus wall lighting. Tables and chairs providing seating for 80 persons (could be increased). Attractive and spacious mahogany bar with 6 high chairs, 2 double door glass fronted counter fridges, mirror-backed shelving, electronic cash register, optics, glasswasher.

Fully tiled ladies' cloakroom with 2 w.c's, 2 wash hand basins
Fully tiled gentlemen's cloakrooms with w.c. 2 urinals, wash hand basin

Large catering kitchen with quarry tiled floor, tiled walls. The equipment includes stainless steel extractor, 2 6-burner gas cookers with double ovens, 2 deep fryers, grill, bain marie, walk-in coldroom, 5 fridges, 3 chest deep freezes, stainless steel tables, dishwasher, double sink and drainer, wash hand basin etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease having 9 years unexpired from February, 2009 at a rental of £35,000 p.a. exclusive of rates. We understand there was a rent revision due in February, 2008, however, the landlord has not requested any increase at the present time.

Uniform Business Rates: £9,800 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS RESTAURANT IN THIS SOUGHT AFTER SOUTH BUCKINGHAMSHIRE LOCALITY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS accommodation comprises: First Floor 3 Bedrooms (1 double, 2 singles) Bathroom with bath, w.c. and wash hand basin Kitchen area In addition on the first floor there are 2 wine cellars plus large store area Second Floor 3 Bedrooms

Location:

Situated end of parade, sought after residential area, MIDDLESEX.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £185,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Tuesday - Friday inclusive - 12 noon - 3 p.m. & 6 p.m. - 10.30 p.m. (last orders)
Saturday opening - evenings only - 6 p.m. - 11 p.m. (last orders)
Sunday opening - lunch time only - 12 noon - 3 p.m.
CLOSED SUNDAY EVENING & ALL DAY MONDAY

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.