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Free House And Restaurant For Sale In East London

East London, London, UK
Asking Price:
£100,000
Turnover:
£468,000
Net Profit:
Undisclosed

OUTSIDE SEATING FOR 20 PEOPLE.

Licensed for 80 people.

PROMINENT DOUBLE FRONTED AIR CONDITIONED PREMISES, NEWLY REFURBISHED, CCTV (16 cameras). New carpeted floor, suspended ceiling with LED lighting.

Well equipped BAR with stools - 13 beer pumps, 2 touch screen cash registers, 10 under counter fridges, freezer, glass washer, ice machine, wash hand basin.

Tables, chairs and sofa seating for customers.

Ladies cloakroom with toilet and wash hand basin

Gentleman's cloakroom with toilet and wash hand basin

Disabled cloakroom with toilet and wash hand basin

REAR CATERING KITCHEN - Stainless steel extractor, 2 x 8 burner hobs, oven, grill, bain marie, double basket deep fat fryer, microwave, large double door fridge, stainless steel preparation table, double sink and drainer, dish washer, etc

Walk-in fridge.

Walk-in freezer

Office

2 store rooms.

Stairs to cellar.

LOCATION: Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

TURNOVER: WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w.- £10,000 p.w. with a Gross profit of 50% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
Pool Table £250 per week approx.

Gaming machines £300 per week approx.

We are advised the kitchen is rented out on Sundays earning a further income of £350 p.w.

ACCOMMODATION: YES, accommodation is included, you must click the 'Contact Broker' button for additional details.

STAFFING: The business is at present operated by the 2 partners with 3 full time and 3 part time staff employed.

PRICE: TO INCLUDE THE GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

ADDITIONAL INFORMATION AVAILABLE INCLUDING: RENT, LEASE TERMS, OPENING HOURS, ACCOMMODATION DETAILS, BUSINESS RATES AND REASON FOR SALE VIA THE 'CONTACT BROKER' BUTTON

Property Information

Property:

Leasehold

Living Accommodation:

Accomodation Included