Lease for Sale
ESTABLISHED CHINESE/THAI TAKE-AWAY/DELIVERY FRANCHISE RESTAURANT
Available
West End Lane, West Hampstead, London NW6
(Reference No. 023980)
CIRCA 1100 SQ FT (112.40 SQ M)
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Location:
Situated in West End Lane. West Hampstead Underground and Network Rail Stations are a very short walk away. West Hampstead is an affluent area densely populated that abuts St Johns Wood and Finchley Road areas.

Description:
Establish franchised Chinese and Thai take-away and delivery restaurant trading as Paya. Paya have 16 franchises in Greater London. The existing business is offered with fully trading staff and has the potential to further expand the turnover with a “hands-on” manager. Business derives from the Paya website as well as via Hungry House and Just Eat, as well as being locally known. The premises are fully fitted and the business has a good stable turnover. Full details available to bone fide enquiries upon request.

The basement area which is separately accessed from the rear of the property has D2 gym use and is in the process of being sub-let at £30,000 pa (this will substantially reduce the rent commitment under the head lease and substantially increase the profit of the business). Please contact us for further clarification.

Lease:
Held on a 25 year full repairing and insuring lease from 2008 at £40,000 pa with 5 yearly rent reviews.

Terms:
£185,000 is sought for the goodwill, fixtures, fittings and equipment.

Subject to Contract
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Claridges Commercial
Tel: 020 8559 1122  
Email:
contact@claridges-commercial.co.uk