Restaurant Business for sale in North London Ruislip London

London Properties are pleased to offer to the market well established Spanish Restaurant situated in a prominent position on Ruislip High Street

Location : London - North London -Ruislip

Category : Restaurant

Asking Price : £ 115,000

  • Sales revenue : 260000 per annu
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • London Properties are pleased to offer to the mark, Located in Ruislip London
  • London Properties are pleased to offer to the mark, Located in Ruislip London
  • London Properties are pleased to offer to the mark, Located in Ruislip London
  • London Properties are pleased to offer to the mark, Located in Ruislip London
  • London Properties are pleased to offer to the mark, Located in Ruislip London

Business description

LOCATION:

The premises are located in a prominent position on Ruislip High Street nearby to a number of local and national retailers such as Pizza Express, Sainsbury’s, Cafe Nero, Cafe Rouge and Barclays Bank. By road the premises can be accessed easily via the A40 Western Avenue, Polish War Memorial exit or by public transport via Ruislip Underground Station which is a short walk away

DESCRIPTION:

The premises are currently trading successfully as a Spanish restaurant which has been fitted out to a high standard. The premises have the benefit of a fully fitted kitchen, garden area and parking space to the rear

USES:

A1/A3/B1

PREMIUM:

£115,000 for the benefit of the lease, fixtures & fittings.

RENTAL:

£30,000 per annum

TERMS:

The premises are available by way of assignment of the existing Lessors lease which is to expire in 2**** ****

BUSINESS RATES:

Annual rates payable of £9,000 per annum. Interested parties are recommended to make their own enquiries with the Rating Department of Hillingdon Council

SIZE:

Approximately 1**** **** sq ft

OPENING HOURS:

Monday Closed: Tuesday - Saturday 12 noon to 15:00 p.m - 18:00 p.m to 23:00 p.m & Sunday 12 noon 21:00 p.m

STAFF:

Owner managed with 5 staff

TURNOVER:

Current turnover in excess of £260,000 per annum.

ACCOUNTS:

Available on request

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Hillingdon

COVERS:

60

REFERENCE CHARGE:

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 

2. These details do not constitute any part of an offer or contract. 

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Through London Properties by appointment only

Other Information

  • Years established: 7 Years
  • Employees: Owner managed with 5 staff
  • Trading Hours: Monday Closed: Tuesday - Saturday 12 noon to 15:00 p.m - 18:00 p.m to 23:00 p.m & Sunday 12 noon 21:00 p.m
  • Real Estate:London Properties 95 High Street Wealdstone Middlesex HA3 5DL 020 8861 4615 info@london-properties.co.uk
  • Reason Selling:Retiring
  • Lease Terms:The premises are available by way of assignment of the existing Lessors lease which is to expire in 2032
  • Company Details : London Properties
  • Phone : Click here for phone number
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