Area Size London
Available Date 08 Nov 2019
We are very pleased to offer this stunning opportunity to invest in a successful running restaurant business; situated on Green Street, Forest Gate - E7. This restaurant is surrounded by other busy restaurants on this popular main road.
* American Themed diner.
* Newly refurbished restaurant (spent £220,000 into 2017).
* Spacious fully equipped restaurant (fitted with new kitchen worth £50,000+).
* 75 Seater restaurant over 2 floors with13 tables (Retro American diner booth seating).
* Three toilets.
* Property spread over three floors (storage in the loft).
* Floor Area: 1590 SQF Approx
rational scc61e x 1, pitco sg14 x 2, blue seal g596ls x1, blue seal g504 x1, blue seal gp516 x1, alto shaam 5003d x1, genfrost gen3100h x1
genfrost gen4100l x1, genfrost gen1200h x1, genfrost gpz300 x1, genfrost gen100h x1, polar standing freezer x1 , logik chest freezer x1
gantry food pass + extension x1, ninja blenders x2, kenwood blender x1, kenwood handheld food processors x2, kenwood microwave x1
linkat salamander x1, linkat bain maries x1
* They have received the highest hygiene rating (5 out of 5) from the food
* They have managed to gain very high reviews and followers across numerous
social media platforms (Google, Facebook, Instagram, Just Eat, UberEats)
* 2 / 3 full time employees.
* Opening hours 2:00pm to 11:00pm. (Currently not operating at this time)
* Weekly sale of £3000 - £4500
* Annual turnover - approx. £250,000.
* Rent £30 000 annually.
* Rates £6,500 annually.
* Premium £110,000.
* 13 years of lease available (renewable).
* Genuine reason for sale - DUE TO POOR HEALTH CONDITIONS.
* Available immediately.
* Viewing is highly recommended.
LEASE: Full repairing and insuring lease, with 15 years left, 5 yearly rent reviews.
BUSINESS RATES: We have been advised that the current rateable value for the shop is £6,500p.a. We do advise all interested parties to make their own enquiries with the local authority.
LEGAL COST: To Be Confirmed
REFERENCE FEE: Allen Davies have been advised by our Vendors/Landlords that all interested parties will undergo a reference check, fees are not refundable.
VIEWING: Strictly by prior appointment through Property Links.