For Sale
Newly Refurbished Restaurant For Sale
Stanmore, Greater London
- Asking Price: £145,995 +SAV
-
Turnover:
Asset & Lease Sale Only.
Please quote reference B06514
- Tenure: Leasehold
Please quote reference B06514
Hilton Smythe is delighted to present to the market a recently refurbished and contemporary restaurant unit located within the heart of Stanmore.
The restaurant is currently run as a Turkish restaurant with an average weekly turnover achieved of around £6,000. The owners have decided to concentrate on their other unit which is now forcing the sale of this exquisitely presented unit.
In addition to the sit-down Turkish menu, there is an excellent choice of cocktails with the option to have the menu delivered to your door.
As you can see from the attached photographs, it is clear to see where the £350,000 investment to transform this unit has been spent.
The space was completely stripped back and rebuilt which included -
- New electrics
- New flooring
- New lighting systems
- Bespoke glass fronted wine store
- High quality tables, chairs and fixed seating
- Interior designed decor with feature brick wall, polished wooden floor
- New customer toilets
- Fully equipped commercial kitchen
- New storage areas
- Staff changing facilities
Key selling points -
- High passing trade throughout the day and evening
- 80-100 covers
- Long lease (expires in 2035)
- High end refit throughout
- Fully equipped new kitchen
- Full premises licence
- Restaurant & Cafe use (class E)
- Permitted trading hours 10am to 12am
- Current delivery partners - Uber Eat & Just Eat
- New dining furniture for 80 covers
- Excellent bar servery - including glass fronted display chillers, ice machine, storage shelving, glassware, hand wash/preparation sink.
- Commercial kitchen - includes Turkish grill, large extraction unit, heated pass over unit, stainless steel preparation chillers, upright freezers, several stainless-steel prep tables and fixed wall shelves, oven. hob, prep sinks, hand wash sinks.
N/A
The business trading hours are as followed:
Monday - Closed
Tuesday to Thursday - 17:00pm - 23:00pm
Friday to Sunday - 14:00pm - 23:00pm
Opportunity to purchase a newly refurbished restaurant unit located on Church Road in Stanmore, Harrow.
The fully equipped unit is well positioned within the heart of Stanmore which offers a vibrant choice of independent restaurants, takeaways, cafes and coffee shops, hair & beauty salons as well key High Street brands such as Sainsbury’s, NatWest & Barclays.
Stanmore is a highly desirable London commuter area located in the Borough of Harrow, just 11 miles northwest of Charing cross. It is well known for its beautiful properties which are matched by its acres of woodland and commons.
Church Road leads directly off Stanmore Hill which is also one of the highest points of London.
There is a large free car park available for guests..
Nearest underground station is Stanmore, on the Jubilee line.
Ground floor - TOTAL SIZE OF 220.25m2
- Dining area - arranged for 80 covers
- Cocktail bar servery
- Staff toilets
- Commercial kitchen
- Storage
- Staff changing facilities
Tenure
We are advised the business is being sold on a Leasehold basis with 16 years remaining on the Lease. The rent is £5,000 per month and rates are payable at £19,000 per annum.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
