Restaurant Business for sale in 0 Greater London North East

The business runs as an authentic Moroccan restaurant offing the very best cuisine

Location : North East -Greater London

Category : Restaurant

Asking Price : £ 139,950

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • The business runs as an authentic Moroccan restaur, Located in Greater London North East
  • The business runs as an authentic Moroccan restaur, Located in Greater London North East
  • The business runs as an authentic Moroccan restaur, Located in Greater London North East
  • The business runs as an authentic Moroccan restaur, Located in Greater London North East
  • The business runs as an authentic Moroccan restaur, Located in Greater London North East
  • The business runs as an authentic Moroccan restaur, Located in Greater London North East

Business description

DESCRIPTION:

The business was originally established by our client in 2014. The owner is now looking to sell the business, due to the desire to focus on other business commitments. The business runs as an authentic Moroccan restaurant offing the very best cuisine. There is an exceptional menu which includes koftas, fish platters, meatballs, lamb dishes, couscous, salads and a great selection of desserts. The restaurant is fully licenced and also stocks an array of wines, spirits and beers

USES:

A3 with alcohol licence

PREMIUM:

£139,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL:

 £25,000 per annum

TERMS:

Original lease length: 20 years. Remaining lease length: 17 years as of 2017

BUSINESS RATES:

£12,000 per annum. However, all interested parties are encouraged to make their own enquiries with the local authority’s

SIZE:

Approximately 1646 sq ft

OPENING HOURS:

Monday: Closed -Tuesday - Friday: 6pm - 11pm -Saturday: 4pm - 11pm -Sunday: 4pm - 10pm

STAFF:

Owner managed with 4 staff

TURNOVER:

Current turnover in excess of £240,000 per annum approximately.

ACCOUNTS:

Available on request on viewings

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Wandsworth

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 80- D Rating. A copy of this property’s energy performance certificate is available on request

COVERS:

45 Covers

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.

MAILING LIST:

We at the London Properties Sales Team hope to be in regular contact with you to assist in your search for a suitable property. To keep our records up to date we request that you keep us informed as to the progress of your search so as to avoid any unnecessary inconvenience. Thank you for your assistance in this matter.

DETAILS BY E-MAIL:

We can send full colour sales particulars by e-mail. If you would like to receive details via this medium, please either telephone us with your e-mail address or send an e-mail to the sales team at:

****@****.com.au

FREE VALUATIONS &

MARKETING ADVICE:

We at London Properties would like to assist you with the sale of your property? Just contact the sales team and we will be pleased to offer you a free valuation and market appraisal, a service that we provide with obligation. Competitive fees are available for both sole and multiple agency instructions. Please contact the sales team on:

**** ****

MORTGAGES: We can offer help and advice in arranging your mortgage.

Written quotations are available on request. Please contact this office.

REMEMBER: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP WITH

REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT.

Other Information

  • Years established: 2014
  • Employees: 5
  • Trading Hours: MONDAY CLOSED TUESDAY TO FRIDAY 6.00PM TO 11.00PM SATURDAY 4.00PM TO 11.00PM SUNDAY 4.00PM TO 10.00PM
  • Reason Selling:OTHER BUSINESS COMMITMENTS
  • Lease Terms:Original lease length: 20 years. Remaining lease length: 17 years as of 2017
  • Company Details : London Properties
  • Phone : Click here for phone number
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