- Establish over 40 years
- Regular custom via footfall, Just Eats
- Excellent Goggle rating & Just Eat rating
- Well know and establish location
- Business has embrace local community and well respected
- £16,500.00 PER ANNUM RENT
- Rateable value £11,500 - Quilting 100% rate relief
- A renewable lease in place till 2027 or new lease can be acquired
Here's a rare opportunity to lease a well-established restaurant that has been thriving for over 40 years in the same location. The current owners are retiring, and this restaurant has been a consistent source of income and stability for their family.
This restaurant comes fully equipped and operational, featuring a kitchen, tables, and chairs that can accommodate up to 40 guests. The kitchen includes top-notch features like extractor hoods, refrigeration units, and freezers.
Situated in the heart of Romford town centre, this property offers an open-plan dining area seamlessly connected to a well-equipped kitchen and prep room. Additionally, you'll enjoy convenient amenities such as rear parking, customer and staff restrooms, a storage room, and a serving bar. Don't miss the chance to explore this exceptional restaurant opportunity.
Here are some key financial details:
Monthly earnings averaging £30,000
No business rates
Annual rent of £16,500
The current lease is valid until 2027 with a guaranteed option for renewal.
In addition to the rent, there is a one-time premium of £75,000 required to secure the extensive inventory of fixtures and fittings.
Minimum Tenancy : 12 months
All photographs are provided for guidance only.
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