FABULOUS, RESTAURANT, WHITECHAPEL, LONDON, E1 Reference No: E7596J
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Price:
£ 195,000
Description
LOCATION: An ideal position in the heart of Stepney Green between Queen Mary University London and the Royal London Hospital. It is only a 100 metres away from the new residential £6,75m development, a one minute walk to Stepney Green Station, a 6 minute walk to Mile End Station and a 10 minute walk to Whitechapel Station (where Crossrail opens in May 2018).
DESCRIPTION: The single fronted 2 level (1,250 sq ft on ground floor) fully air-conditioned restaurant with 45 covers is fitted out to a high standard with a good sized bar with 5 stools. To the rear is the fully fitted and equipped main kitchen including a pizza section and a wash-up area. The basement consists of a restaurant seating area for a further 30 covers and a large bar with 6 stools. It also has a separate kitchen/pasta preparation room and wine/dry store area.
BUSINESS: In the same hands for 3 years, the business is run by the owners with 2 full time and 3 part time staff taking £11,000 pw at 65% gp and only for sale owing to other more pressing commitments.
EQUIPMENT: Fully equipped for the trade with 3 bar fridges, 2 glass washers, 2 ice machines, a 4 burner cooker, extractor system with new motor, double Lincat fryer, a Blue seal pasta cooker, a Falcon salamander, an upright Foster stainless steel fridge, an industrial dishwasher, a double pizza oven, (Italforni), a 3 door stainless steel Polar worktop fridge, a cold display unit, a 2 door pizza fridge, 4 stainless steel tables, a domestic freezer, a Fracino cappuccino machine plus 2 grinders, a dough machine, a Fimar pasta machine, a meat slicer, a stainless steel upright freezer, a chest freezer, a Miele fridge, a Zannussi freezer, cctv system, electric internal shutters, electric front canopy, tables and chairs, etc.
HOURS: Open Monday to Sunday noon to 2.30 pm and 6 pm to 10.30 pm.
TENURE: New 15 Year lease with 5 yearly rent reviews at a rent of £36,000 pa. Rates: £7,500 pa.
PRICE: £195,000 ono.
VIEWINGS/NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939