Restaurant For Sale

Business description

Double fronted, impressive premises, Gas Fired Central Heating, carpet tiled floor.

Fully equipped including: , electronic cash register, etc.

THE KITCHEN AREA
Separate level kitchen stainless steel work surfaces, 6-burner gas cooker, commercial oven, 1 3 burner charcoal grill, 5 fridges, 4 freezers, stainless steel extractor canopy, 1 commercial microwave, 2 group coffee machine, commercial dishwasher, glass washer, double sink and drainer and separate wash hand basin, etc.

* Tables and chairs providing seating for 120 people

* Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.

Property information

Lease terms:

We understand the premises are held on a secure renewable lease, having approx. 12 years unexpired at a rental of £25,000 p.a. exclusive of rates next rent review in 2 years then every 5 years

Uniform Business Rates: £8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

Living accommodation:

THE SELF CONTAINED ACCOMMODATION enterence via door to the left of the shop to Flat with Gas Fired Central Heating, Single-glazed windows over 1 floor, comprises: 3 Bedrooms (2 double, 1 Single). Lounge. Kitchen. Bathroom with bath, w.c. and wash ha

Location:

End of terrace property, excellent main road trading position, residential, office and commercial area, Herts.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. Gross profit 65 % approx.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £249,500 Plus Stock At Valuation Substantial Loan To An Approved Applicant.

Trading hours:

6 Day week (Tuesday - Sunday) 6 pm - 10 pm

Financing available:

Substantial Loan To An Approved Applicant.

Contact the seller