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Lease Hold Restaurant For Sale Description
High Road A3 Restaurant + upstairs three bedrooms with living room for lease sale Located in Leyton. London, E15 2BP
Lease Price: £120,000 (One Hundred and Twenty Thousand Pounds)
This running business is suitable for investment and living by yourselves upstairs flat. The ground floor is well decorated restaurant and can accommodate at least 35 customers. The surrounding environment of this building is full of shops, supermarkets, restaurants and schools. Good investment projects please make appointment with JP Group property agent for viewing. Eat in and take away business located in very close to Leyton tube station and the main town centre. The area surrounding the business is a densely populated commercial and residential area. The business has an excellent roadside trading position with good signage and has a bus stop directly outside.
The business was originally established by our client with the doors being opened in 2015 and provides, what is now a well renowned take away and eat in operation with approx. 35 covers arranged on traditional tables and chairs which provides a flexible seating arrangements at lower and ground floor.
Since being established, our client has built a loyal customer base and a good reputation for the quality of food and customer service. The unit has been fitted to a high standard and includes good quality fixtures and fittings throughout along with a bespoke glass shop front, cabinet, chillers and commercial kitchen.
The area in general is busy throughout the day with passing footfall, although the vast majority of the income generated each week comes from regular trade at lunch, late afternoon and dinner time.
Sales We have been advised that the average takings are in the region of £6,000 to £7,000 per week with limited trading hours.
Accounts Current records and accounts can be available upon request.
Trading Hours Monday - Sunday 12:00 to Late night
Staff Owner run along with 2 full time staff and 1 part time
Building External The business occupies the lower ground floor of a two/three storey property with highly visible signage.
Building Internal The dining area creates a welcoming feel when entering from the street and is open plan in design which also allows access to the commercial kitchen. The main service counter has a bespoke glass display chillier and single till.
In our opinion the business has been tastefully decorated throughout by the current owner and now provides a Modern feel which provides a pleasant seating area for those wishing to eat in.
The commercial kitchen is compact, yet well fitted and benefits from extraction facilities and a number of stainless work tops with under counter refrigeration facilities. The kitchen also benefits from a large walk in freezer and walk in fridge.
We are advised that the property is held on a 10 year extendable / renewable lease which commenced in 2021. The annual rent is £27,600 exclusive. (£2300 Per month) for the whole building. Upstairs 3 bedrooms flat generate £1500 per month guaranteed rent. The lease holder will only pay £800 per month rent for the restaurant.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary An ideal opportunity to purchase a lease for Pranzos Restaurant and 3 bedroom flat which benefits from a regular and loyal customer base whilst still offering genuine growth potential. An inspection is highly recommended to fully appreciate the location and overall business opportunity.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact JP Group, IG3 on +44 20 8115 1476 * (local rate)
Contact JP Group about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by JP Group, and do not constitute property particulars. Please contact JP Group for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.