LOCATION:
The restaurant is situated in a prime location at a busy crossroad in East London, Its surrounded by several schools and just a mile away from bus stops. The area is bustling with heavy foot and vehicular traffic, making it an ideal spot for your business. The property is conveniently located approximately 250 metres from Underground Station, a bar and an entertainment venue, There is a Retail Park located across from the Station and includes brands such as B&Q, Costa, Asda, Sports Direct, Pizza Hut, Subway, Next and Poundland.
OVERVIEW:
The restaurant has built a loyal customer base by providing excellent service and quality food. The trendy and stylish interior creates a vibrant atmosphere that customers love. The menu features a variety of items, including waffles, burgers, crepes, fries, and shakes. The restaurant has received great reviews on Google. It is fully refurbished and requires no additional work, so the new owner can start the business on the next day. The restaurant has a fully equipped kitchen with state-of-the-art appliances and 50 covers inside.
POTENTIAL:
The restaurant has a lot of potential to grow. Oncoming buyer can start their own website and offer in-house deliveries. They can also add more items to the menu, such as pizza, kebabs, donuts, and more of any other cuisine if desired. The restaurant has the potential to serve breakfast and can be open from early morning till 2 AM midnight. The ceiling of the rare part of the restaurant is openable, so the new owner can start serving sheesha (subject to planning permission) to boost the turnover.
TURNOVER: £10,000 Per Week
RENT: £18,500 per annum
RATES: £2500 Per annum for now
TENURE: Leasehold - 13 years of lease left.
PARKING: Free parking is available after 4 PM.
SIZE: The front size is approximately 450 sqft, the backside is approximately 380 sqft, the storage area is approximately 210 sqft, and the kitchen is approximately 250 sqft (Total 1200 sqft approx).
TRADING HOURS: The Restaurant is open from 12 noon to 11 PM every day but delivery and take away is open till 2 a.m.
EQUIPMENT: The restaurant comes with a chiller, freezer, 2-3 fryers, coffee machine, double machine, 4 bun cooker, 6 hob cooker, panini grill machine, ice cream machine, 2 waffle machines and other cooking equipment's
Additional Potential: There is a lot of potential for growth in this business. Oncoming buyer can expand the operating hours, add more items to the menu, and start serving breakfast. Also, There is a space outside that can use to increase the seating capacity.
The business is marketed for the goodwill of £150,000 plus SAV that including all the above equipment's, fixtures and fittings.
For further information, please contact the BTC Commercial and Investment team on ---- --- ---- or [email protected].
