LOCATION: This restaurant is located in a very affluent and trendy area of South West London. There are plenty of eat out places, close to Central London, station and is surrounded by thickly populated residential area.
DESCRIPTION: Mid parade premises has wooden frame frontage and is arranged on ground floor and basement levels. The ground floor measures approximately 1,000 sq ft overall comprising seating area for 47 customers, drinks bar/serving area and large kitchen/washing up section located at the rear of the main restaurant with rear exit leading to the service road. The basement measures approximately 1,000 sq ft overall comprising ladies/gents toilets/washroom, 3 storage area and rear door leading to small yard and service road. Kitchen can be moved to basement and create more seating area on the ground floor.
BUSINESS: The business is very well established for 34 years and the owner now wishes to retire. The restaurant is run by owner plus 6 full time staff, taking £4,000 per week (evening trade only).
HOURS: Mon – Sun 6.00 pm – midnight.
EQUIPMENT: The restaurant is fully equipped including glass front wine fridge, draught pump, 7-burner gas cooker, Tandoori oven, fryer, various fridges & freezers, etc.
TENURE: LEASEHOLD – 10 year renewable lease was granted from December 2015 with 5 yearly rent reviews and the current rent is £25,000 per annum.
RATES: Business rates payable £12,000 per annum
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 0207 935 3939