Bar & Restaurant with adjoining Sushi Bar in Tooting For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON TOOTING

Turnover £ 15,000
Price £98,000

Features

Bar & Restaurantwith Adjoining Coffee Shop

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,980 ft². Marble tiled floor, suspended ceiling with pendant and wall lights. Tables and chairs seating 45 persons.

FRONT BAR. Stools seating 8 persons. Electronic cash register, coffee machine, triple door under-counter fridge, two double door under-counter fridges, 2 pumps, ice machine glass washer.

OPEN PLAN KITCHEN. Tiled flooring, tube lighting. Stainless steel extractor, (ALL ELECTRIC - GAS IN THE STREET). 4 induction hobs, 2 double basket deep fryers, microwave, salamander, salad fridge with topping bins, 2 under- counter freezers, triple door under-counter fridge, double sink and drainer, dishwasher, wash hand basin, stainless steel preparation table.

Customer cloakroom with toilet, mirror and sink

Staff room also used for storage

Private dining area - seating 12.

Stairs to cellar (full height), upright fridge, chest freezer

SINGLE FRONTED Adjoining coffee shop held on a separate 5 years lease Wooden flooring, suspended ceiling with spotlights. Tables and chairs seating 30 persons. Sales counter, electric cash register, 2 group coffee machine (on lease), panini press, under- counter double door fridge, double sink with drainer,

Cloakroom with sink, mirror and toilet

Rear kitchen area

Turnover

WE ARE INFORMED by the owner the turnover in respect of the Bar/Restaurant currently averages £12,000 p.w. Coffee shop / Shisha currenty in the region of £3,000 p.w.

Staff

The business is at present operated by the vendor with 3 full time staff plus the assistance of 8 part time staff. We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday 5 p.m - 12 midnight
Friday & Saturday 4 p.m - 2 a.m

Outside

Courtyard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a rent of £22,500 p .a.

Lease for coffee shop 5 years from 2022 at a rent of £5,000 p.a. no reviews. From June 2024 landlord can serve 6 months notice.

Vendor anticipates uniform business rates between zero and £12,000 p.a. Waiting for local authority to confirm.

Price

TO INCLUDE THE LEASES, GOODWILL, FIXTURES & FITTINGS £98,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote