Immaculate Restaurant & Wine Bar in South London For Sale

Situated in a parade, busy road, SE LONDON

Turnover £ 3,000
Price £99,950

Features

Immaculate Licensed Restaurant & Bar

Enclosed outside dining area seating 24 persons (capacity for 30 persons).

4 STAR HYGIENE RATE

SINGLE FRONTED PREMISES in the region of 550 ft² with ELECTRIC SHUTTERS. CCTV (7 cameras). Tiled floor, spotlights. 1 55" television, 1 45" television. Kareoke machine. Tables and chairs seating 28 (capacity 40 persons). BAR. Electric cash register, 6 door under-counter fridge, 2 door under-counter fridge, dishwasher, coffee machine, three tube frozen cocktail machine.

Customer toilet and sink

SEPARATE KITCHEN. Tiled floor, tube lighting. Stainless steel extractor, 4 ring hob, oven, steam oven, Ninja oven, deep fat fryer, hot cupboard, soup kettle, 2 microwaves, upright fridge, dishwasher, upright freezer, chest freezer, single sink and drainer, separate wash hand basin, stainless steel work surfaces

Storeroom/office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed plus the assistance of 1 part time staff. We are informed the wage bill averages £1,250 p.w. approx.

Trading Hours

7 Day week
MONDAY - THURSDAY - 9 a.m. - midnight
FRIDAY & SATURDAY - 9 a.m - 2 a.m
SUNDAY - 9 a.m - 12 midnight

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 2021 with reviews every 3 years (next review 2027) at a current rent of £18,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote