LOCATION:
Opportunity to acquire a successful and lucrative restaurant business in a prime location, a highly profitable and well-established restaurant in a busy and affluent area, This restaurant is located near the station and in a very good and posh location near to the school and college, residential and commercial offices in the area.
Reason to sell: The current owners want to move out due to other commitments and they do not live in the same city so the business needs full-time attention from the new owners.
OVERVIEW:
The restaurant is in brand new condition with a high turnover. It boasts a high-profit margin of 45% and a loyal customer base, It is very famous in the area for get-togethers and family functions. The restaurant has a seating capacity of 160, and it comes with a garden at the rear with a separate entrance & It is fully equipped with 5 computer tills, CCTV cameras, 5 - meter grill, 3 - meter display fridge, gas cookers, and all other required equipment needed to start the business.
The interior showcases modern décor & elegant furnishings, The restaurant has a beautiful ambiance and good décor, New owner does not need to spend a penny as everything is ready to start the business. The restaurant is currently only on Deliveroo and their own website. It has got 5-star ratings with excellent customer reviews.
TURNOVER: £20,000 Per Week
Potential: New owners can start the sheesha in the garden (subject to planning permission) which will generate more income or it can be rent out as it has got separate entrance, also currently they have got limited items on menu but oncoming buyer can add burgers, pizzas, doner kebab, waffles, shakes, etc. on the menu, It can also offer other types of coffee besides.
It has got A3 and A5 license.
RENT: £36,000 Per annum
RATES: £5000 Per Annum
TENURE: Leasehold - 15 years remaining
SIZE: Downstairs floor size of 1600 sqft approx. and a kitchen size of 550 sqft. approx. The same size applies for the above floor.
Trading hours: Monday to Sunday, 12 to 11:30 PM
Additional Potential: It has the potential to open early in the morning to serve breakfast and add live music to attract more customers.
The business is marketed for £380,000 plus SAV it including all the fixtures and fittings.
For further information, please contact the BTC Commercial and Investment team on ---- --- ---- or [email protected].
