|
DESCRIPTION:
|
LOCATION: This is a rare opportunity to acquire a restaurant In this most prestigious and highly sought after area.
DESCRIPTION: Prominently sited corner premises is arranged over ground, first and second floor levels. The 1,005 sq ft ground floor comprises a beautiful 50-seater restaurant which has enormous charm and character. There are fully-opening sliding doors at the front and it is backed by a glass wash-up area, excellent kitchen, cold store and an additional storage room. The main entrance to the restaurant is from the side and from the entrance lobby stairs ascend to a 915 sq ft first floor with lovely 35-seater restaurant, a 16-seater party/function room, store, cloakroom and ladies/gents/staff toilets. On the 355 sq ft second floor is a further store room, plus a staff room and admin office.
EQUIPMENT: The restaurant has an extensive range of trade equipment and a full inventory will be available for purchaser.
BUSINESS: This well established business has been in the same family hand since 1976. We are informed accounts show takings of approx £15,000 per week with a high gross profit margin of 72%.
HOURS: Mon – Sun Midday to 11.30 pm.
ACCOMM: There is no residential accommodation.
TENURE: Lease commenced in June 2001 for a term of 15 years and the current rent is £104,000 per annum with reviews every 5 years.
RATES: Business rates payable are approx £48,000 per annum.
STOCK: Approx £40,000.
NEGOTIATIONS: Strictly through Abacus Business Sales on 020 8144 7999
50% FINANCE GIVEN to you when you buy this business with very low monthly payments (subject to status).
Visit www.AbacusBusiness.co.uk for lots of other businesses for sale NOT SEEN ANYWHERE ELSE.
PLEASE REGISTER with us right now so we can arrange a viewing for you today.
|