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Substantial Restaurant And Bar In East London For Sale

Highams Park, London, UK
Asking Price:
£125,000
Turnover:
£416,000
Net Profit:
Undisclosed

4 days opening

Forecourt with seating for 16 people

5 star hygiene rating

Live music licence

Double fronted premises in the region of 2,235 ft² with electric shutters and canopy, vinyl floor, spotlights, air conditioning with hot air. Bar, 3 taps plus seating for 3 people, EPOS till, glass-fronted drinks display fridge, glass washer. Tables and chairs providing seating for 80 people, CCTV system (12 cameras, 1 monitor).

Ladies', gentlemen's and disabled toilet with w.c. and wash hand basin.

Kitchen with stainless steel extractor unit, 8-burner gas cooker, charcoal grill, 2 x microwaves, 3 fridges, freezer, 2 dishwashers, ice machine, stainless steel preparation tables, 2-pan deep fryer, coffee grinder, 2-group coffee machine.

Walk-in cold room

Walk-in freezer.

Office

Laundry room with washing machine and dryer

Location: Situated in a parade, main road trading position, East London

Turnover: We are informed by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx. (slight deliveries)

Staffing: The business is at present operated by the vendor, 3 kitchen staff, 3 servers, 1 bar person and additional staff as required

Price: To include the secure renewable lease, goodwill, fixtures & fittings £125,000 plus stock at valuation

Substantial loan to an approved applicant.

Additional information available including; rent, lease terms, opening hours, business rates and reason for sale via the 'Contact Broker' button

Property Information

Property:

Leasehold