Licensed Restaurant in Clapham South For Sale

Occupying an impressive corner position, excellent main road trading position, residential, office and commercial area, SW LONDON CLAPHAM SOUTH

Turnover £ 3,400
Price £85,000

Features

Well Fitted Licensed Mediterranean Restaurant

OUTSIDE SEATING FOR 20 persons (weather permitting)

DOUBLE FRONTED PREMISES in the region of 1,100 ft² (over 2 floors) with ELECTRIC SHUTTERS and awning. Wood strip floor, suspended ceiling with spot and pendant lighting. Air conditioning with hot air. Tables and chairs providing seating for 60 persons over 2 floors. BAR. Coffee Machine, under- counter glass fronted drinks display fridges, EPOS till.

Ladies' & Gentlemen's toilet with w.c. and wash hand basin.

Stairs to lower ground, tilled floor

KITCHEN. Stainless steel extractor unit, 6-burner gas cooker, charcoal grill, 2-pan deep fryer, 2 tall fridges, 3 counter fridges, 3 counter freezers, dishwasher, 2 microwaves, stainless steel preparation table etc.

Tables and chairs providing seating for 30 persons plus sofas

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,400 p.w. with a gross profit of 65% approx. (20% DELIVERY)

Staff

The business is at present operated by the vendor with 2 chefs plus the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 5pm - 11pm
FRIDAY - SUNDAY 12 noon - 11pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in December, 2010 with 3 yearly reviews at a current rent of £12,500 p.a. We further understand from April, 2023, the rent will £18,000 p.a. with 5 yearly reviews.

Business Rates from April 2021 £4,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote