Commercial Property for Sale

Green Street, Forest Gate

£110,000

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Key Features

PREMIUM ?150,000
AMERICAN THEMED DINER (CALLED ALLSTARS)
BOOTH STYLE SEATING
W/C
APPROX 1590 SFT

RENT ?30,000 p.a
FULLY EQUIPED AND PAID FOR KITCHEN
SEATING ON TWO FLOORS
OFFICE
ANNUAL TURNOVER APPROX ?250,000

Full Description

LOCATION: The Premises is located on Green Street offering great curb appeal and with a Visible signage.

DESCRIPTION: We are very pleased to offer this stunning opportunity to invest in a successful running restaurant business; situated on Green Street, Forest Gate - E7. This restaurant is surrounded by other busy restaurants on this popular main road.

Key Features:
? American Themed diner.
? Newly refurbished restaurant (spent ?180,000 into 2017).
? Spacious fully equipped restaurant (fitted with new kitchen worth ?50,000+).
? 75 Seater restaurant over 2 floors with13 tables (Retro American diner booth seating).
? Three toilets.
? Property spread over three floors (storage in the loft).
? Floor Area: 1590 SQF Approx

KITCHEN MACHINERY:

RATIONAL SCC61E X 1, PITCO SG14 X 2, BLUE SEAL G596LS X1, BLUE SEAL G504 X1, BLUE SEAL GP516 X1, ALTO SHAAM 5003D X1, GENFROST GEN3100H X1
GENFROST GEN4100L X1, GENFROST GEN1200H X1, GENFROST GPZ300 X1, GENFROST GEN100H X1, POLAR STANDING FREEZER X1 , LOGIK CHEST FREEZER X1
GANTRY FOOD PASS + EXTENSION X1, NINJA BLENDERS X2, KENWOOD BLENDER X1, KENWOOD HANDHELD FOOD PROCESSORS X2, KENWOOD MICROWAVE X1
LINKAT SALAMANDER X1, LINKAT BAIN MARIES X1

? They have received the highest hygiene rating (5 out of 5) from the food
standard agency.

? They have managed to gain very high reviews and followers across numerous
social media platforms (Google, Facebook, Instagram, Just Eat, UberEats)

? 4 / 5 full time employees.
? Opening hours 2:00pm to 11:00pm.
? Weekly sale of ?3000 - ?4500 (delivery are not included).
? Deliveries sale ?1500 - ?2000 per week.
? Annual turnover - ?250,000.
? Rent ?30 000 annually.
? Rates ?9,200 annually.
? Premium ?110,000.
? 15 years of lease available (renewable).
? Genuine reason for sale which can be disclosed upon request.
? Available immediately.
? Viewing is highly recommended.

USES: A3/A5

LEASE: Full repairing and insuring lease, with 15 years left, 5 yearly rent reviews.

BUSINESS RATES: We have been advised that the current rateable value for the shop is ?9,200p.a. We do advise all interested parties to make their own enquiries with the local authority

LEGAL COST: To Be Confirmed

REFERENCE FEE: Allen Davies have been advised by our Vendors/Landlords that all interested parties will undergo a reference check.

VIEWING: Strictly by prior appointment through Allen Davies Commercial Department on 020 8539 2121.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Utilities
Electric: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown

Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No