Lease of Restaurant For Sale

 North Wembley , HA0
Asking Price £120,000

Property Information

  • Reference number glenmore_451782272-glenmore-NEW_1593784250
  • Property Type Restaurant
  • Kitchen-Diner Yes
  • On-road Parking Yes
  • Furnishing Furnished
  • Open Plan Lounge Yes
  • Tenure Leasehold
  • Sale classification Below Market Value
  • Current Occupant Vendor
  • Full Double Glazing Yes
  • Burglar Alarm Yes

Location

North Wembley , HA0

Features

  • Remaining lease 14 years
  • Restaurant and banqueting suite
  • Highly rated by diners and review sites
  • Fully refurbished in 2018
  • Seating for upto 125 diners
  • Twin shopfronts
  • Advised annual turnover over £250,000
  • Advised Rent £36,000 pa

Property description

Business

We are pleased to offer the lease of an extremely well-presented restaurant which was newly refurblished in 2018, to the market. The business is being offered to the market due to the owner wishing to spend more time with family.

The restaurant based in Wembley, offering traditional Sri Lankan, Indian and South Asian cuisine prepared by our native chefs.

The restaurant has generated excellent ratings and reviews on Google, Trip Advisor and Just Eat with customers stating, We went as a family of five for an early evening meal. We were made to feel very welcome from the moment that we walked into the restaurant. We were offered guidance with regard to ordering, especially for the children in our group. The food was delicious and was beautifully presented. Service was excellent, friendly and informative. I would definitely recommend The Blue Lagoon and I hope to be there again soon.”

This well-known restaurant designed with high quality, special décor, creating a warm and inviting atmosphere. It offers a restaurant area of approx. 50 seating space and a banqueting suite area with additional 75 seating. The total premises can accommodate up to 100 guests.

The business is currently owner run with help from 3 staff members, there is huge potential to increase the already thriving turnover, such as expanding the party side and outside catering, as well as increasing the current opening hours of the business.

Early viewing is highly recommended to appreciate the size, location and outstanding décor. We feel this restaurant would suite a partnership, perhaps husband and wife team.

Location:

The restaurant is located on East Lane, North Wembley, Middlesex.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Also The North Wembley Underground station is within walking distance.

Premises:

The property has been recently refurbishment inside and out, with excellent eye-catching signage and benefiting from free parking around the property,

Ground Floor

Open plan dining area with bespoke lighting and modern décor.

Commercial kitchen which is fully equipped to suit the trade

Bar area

male and female WC

All equipment and furniture included in the sale price

The restaurant has metal shutters for security and an alarm system and CCTV system with potential to extend the number of cameras of this system. Also fully set up Audio system for playing music on both restaurant as well as in the banqueting suite.

Tenure:

We are advised the premises is leasehold - with rent of £36,000 pa

Business rates payable £13,200 pa

Hours

Tuesday to Sunday 13pm to 11:30pm

Closed on Mondays

Staff

Owner run with 3 staff members and casual waiting on staff

Financial Profile

The business turnover is £250,000 pa with a gross profit of £150,000.

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