Substantial Restaurant & Bar In East London For Sale

Description

Four days opening with a forecourt providing seating for 16 people. The business holds a five-star hygiene rating and a live music licence. Double-fronted premises extending to approximately 2,235 sq ft, fitted with electric shutters and a canopy. The interior features vinyl flooring, spot lighting, and air conditioning with hot air. The bar includes three taps and seating for three people, an EPOS till, a glass-fronted drinks display fridge, and a glass washer. Tables and chairs provide seating for 80 people. A CCTV system is installed with 12 cameras and one monitor. Ladies’, gents’, and disabled toilets are provided, each with WC and wash hand basin.

The kitchen is equipped with a stainless-steel extractor unit, gas eight-burner cooker, charcoal grill, two microwaves, three refrigerators, a freezer, two dishwashers, an ice machine, stainless-steel preparation tables, a two-pan deep fryer, coffee grinder, and a two-group coffee machine. Additional facilities include a walk-in cold room, a walk-in freezer, an office, and a laundry room with washing machine and dryer.

Location: Situated within a parade on a main road trading position in East London.

Turnover: The owner has advised that current turnover averages approximately £8,000 per week, with an estimated gross profit of around 65%, with limited delivery trade.

Staffing: The business is currently operated by the vendor, supported by three kitchen staff, three servers, one bar person, and additional staff as required.

Price: £125,000 to include the secure, renewable lease, goodwill, fixtures, and fittings, plus stock at valuation. A substantial loan may be available to an approved applicant.