Restaurant

REASON FOR SALE:
Our client is selling the business due to other business commitments.

THE OPPORTUNITY:
-Weekly Turnover: Approximately £14k to £17k
-Fully Equipped: Fitted with high-quality, modern equipment to ensure efficient and smooth operations.
- No deliveries
-Two businesses for sale: one trading as a takeaway and the other as a restaurant.
-Huge potential to introduce other cuisines or continue trading as is. Located in a wealthy neighbourhood with a strong base of regular customers.

LOCATION:
-Prominent shop frontage with bold signage, an entrance door, and large glass windows that provide excellent natural light and create an inviting atmosphere.
-Strong community presence as located on a busy high street with nearby pharmacies, convenience stores, major bus routes, and large companies such as a Lidl located directly next door.

WEEKLY TURNOVER:
-We have been advised by our client that the business achieves an average weekly turnover of £14k-£17k

RENT:
The annual rent is £29,000

TENURE:
The business is offered for sale by way of an assignment of an open lease, which has 6.5 years remaining and can be extended

TRADING HOURS:
- Monday to Thursday- 11.30am to 10pm
-Friday to Saturday - 11.30am to 10.30pm
-Sunday - 12 to 9.30pm

STAFF:
-The business is currently operated by 4 part-time staff which will all stay after the sale

FIXTURES & FITTINGS:
-The premises are well-equipped throughout, and a valuable inventory of fixtures and fittings is included within the sale price.

RATES:
-Business rates are £10,800 per year.
-Purchasers are advised to verify this information with the relevant local authority.

LEGAL COSTS:
-Each party will be responsible for their own legal costs associated with the sale.
-The landlord's legal fees are the responsibility of both the buyer and the seller and are to be shared equally.

TRADING INFORMATION:
-Trading information will be made available to genuinely interested parties who have signed a Non-Disclosure Agreement and have viewed the premises.

REGULATORY LICENCE
-A3 Licence
-A5 Licence
- Pavement Licence available to do conservatory extension outside
- Alcohol Licence available
- Live Music Licence

DEPOSIT:
Successful applicants will be required to pay a non-refundable deposit.

VIEWING ARRANGEMENTS:
-Discreet customer visits are encouraged; however, please do not approach the vendor or staff directly.
-For further information or to arrange a viewing, please contact Mailbox Estates today.

Tenure: Leasehold