No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£130,000
Added > 14 days

Restaurant for sale

High Street, Hornchurch, RM11
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Restaurant
0 bed
0 bath
775 sq ft / 72 sq m

Property description & features

  • Tenure: Leasehold
  • Lic'd Prem & Café (A3&A4)
  • 776 Approx Sq Ft
  • Leasehold
DESCRIPTION:
Within a part grade II listed building, comprising a 60 max cover Restaurant which has been in the same family hands for 30+ years. Open over a 5 day week and showing an operating profit of over £47,000! Just outside the core Town centre and nestled between a renowned Oriental Restaurant & Prezzo.

Rooms

Property
A part grade II listed building, the ground floor in approx. 776 sq.ft., the seating area accounting for 562 sq.ft. of this, the balance being the kitchen 205 sq.ft. plus storage & ladies & gents WC's. A loft which is accessed via a loft ladder only provides further storage of some 267 sq.ft. To the rear there is shared parking with a Restaurant next door, for 6 vehicles, on a 'first come first served' basis.

Features
Delightful Part Grade II Listed Building Just Outside Core Town Centre Covers For 60 max Approx. 776 Sq.Ft. Overall Rear Parking Facilities In Same Family Hands 30 Years

Trading Accounts
The accounts of the business for the year to 31st October 2023 show sales of £317,076 with an operating profit of £47,610.

Hours
The Restaurant is open Wednesday to Saturday from 5pm till 10pm and on Sundays from 12 noon till 4pm.

Staff
The business is run by a husband & wife partnership with 3 full time and 3 part time staff.

Tenure/Rent
Leasehold. A renewable lease granted from the 25th March 2006 until the 7th December 2030 at a passing rent of £20,000pa.

Business Rates
The most recent rating assessment shows an adopted value of £19,000 resulting in Business Rates payable of approx. £8,500pa less any transitional relief.

Legal Fees
Both parties are to be responsible for their own legal fees.

Property information from this agent

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    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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