Restaurant T/A, Romford, RM5
- SIZE AVAILABLE
2,026 sq ft
188 sq m
- SECTOR
Restaurant for sale
Description
Location
Situated in a busy parade in Collier Row, Romford, this restaurant benefits from a high level of footfall and excellent visibility. The surrounding area consists of residential housing and local businesses, ensuring a steady stream of customers. The premises are easily accessible, with convenient parking options nearby and strong transport links connecting to Romford town centre and beyond.
Restaurant Area
Approx 39'1 x 21'1 (reducing to 14'95 to allow for lobby area)
Fully glazed entrance into glazed lobby area opening to restaurant area:- fitted carpet, matching tables and chairs for a comfortable 50 covers, wall mounted air conditioning unit
Bar / Reception Area
Stylishly designed reception counter with POS system, decorative shelving, undercounter drinks fridge, single sink unit with drainer
Kitchen
Approx 23'05 x 19'38
Chest freezer, commercial pressure cooker, double fryer x2, walk in fridge, stainless steel prep tables, 3 burner gas burners, 9 burner gas burners, commercial extractor system, microwave, double stainless steel sink u it with drainer, storage cupboard housing storage shelves and boiler, fridge, wash hand basin, various other equipment to trade.
Store
Approx 8'4 x 22x7
Tiled flooring, walk in freezer, strip lighting, double doors leading to kitchen, door to rear, door to further store
Further Store
Approx 20'5 x 16'1
tiled flooring, shelving, florescent strip lighting
Staff
The business is currently operated by a husband-and-wife team, supported by one full-time staff member.
Turnover
Approximate weekly turnover of £4,000
High-profit margins
Potential to increase sales through dine-in services, online delivery platforms, and expanded marketing efforts
Trading Hours
Restaurant:-
Monday - Closed
Tuesday - Thursday 12pm - 2.30pm & 5pm - 10.30pm
Friday & Saturday - 12pm - 2.30pm & 5pm - 11pm
Sunday - 12pm - 2.30pm & 5pm - 10.30pm
Delivery:-
Sunday - Saturday
5.30pm - 9.30pm
Tenure
A new lease will be granted for a term to be agreed, at a rental of £29,000 per annum.
Business Rates
The premises is subject to a rateable value of £15,000
the small business multiplier for occupied properties which have a rateable value below £51,000 – for 2024/25 this is 49.9p in the pound
equating to £7,845 before any further relief is claimed (if availabale)
Legal Costs
Each party are to be responsible for their own legal costs incurred.
Freehold
The Vendor has advised that the freehold including the 3 bedroom accommodation above may be available via separate negotiation.
We are advised that the accommodation is currently let out on a room let basis.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
Restaurant T/A, Romford, RM5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Romford Station1.2 miles
- Gidea Park Station1.7 miles
- Chadwell Heath Station2.3 miles
Notes
Disclaimer - Property reference RX535723. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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