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Asking Price
£38k
Description
30 cover centre restaurant with space for 6 pavement covers. Situated in Brougham Street, an area well known for it's great world cusine restaurants. Busy passing trade also. The leasehold and fixtures and fittings are avaialble for fixed price £38,000. Basically the restaurant is in walk in condition and could be used immediately. The current annual lease is only £15,000. Rates payable around £3,800. Low running costs (currently staffed by owners and 3 part time staff, high profits. Current business has been operating for 2 1/2 years, but due to high demand we are expanding to a larger property. expected turnover for 2008 is £120k with a gross profit margin of around 78%. Current lease is until 2014, however landlord is open to negotiating longer term if required.
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