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Licensed Restaurant in City of London For Sale

 
City of London, London, United Kingdom
 
Advert ref: 1818NP
 
FINANCIAL DETAILS
 
Asking price: £25,000
 
Sales revenue: < £200k
 
Net profit: < £100k
 
Fixtures value: £10,000
 
Stock value: Undisclosed

BUSINESS DESCRIPTION
 
The Business Partnership is offering for re-assignment the lease on what is currently a Thai restaurant operating in the very busy City of London with 100 + covers.
The premises consist of ground floor with kitchens, bar, buffet area and 56 covers. The basement has 40 covers, a separate bar area with seating for 15 and is ideal for private function hire.


GENERAL INFORMATION
 
Trading hours: The business currently operates Mon - Fri, 11.30am - 3.30pm and 6.00pm - 10.00pm
Property: Leasehold

Lease terms
There are 16 years left on a 25 year lease. Rent is currently £64k per year with rates at £28k


 
The Business Partnership - South West London
 
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© 2003 - 2008 The Business Partnership
 
Name: Business Partnership (Management) Limited
Registered Office: Meridian House, Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3QG
Company Number: 4459291    VAT No: 797 8848 30