Licensed Restaurant in South London For Sale

Situated in a parade, excellent trading position, sought after residential area, SW LONDON

Turnover £ 5,000
Price £30,000

Features

Well Fitted Licensed Restaurant

6 DAYS OPENING
BALCONY SEATING FOR 10 PEOPLE

DOUBLE FRONTED PREMISES in the region of 650 ft² WITH CONOPY, wood strip floor, ceiling with spot lights, Air conditioning with hot air, ceiling fan. Bar with 2 taps, EPOS till. Tables and chairs providing seating for 32 People, CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, grill, Cooker (Gas 6-burner), fryer, 2 under counter fridge, freezer, double sink and drainer, preparation table.

Stock room.

Walkin coldroom.

2 Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (20% is deliveries)

Staff

The business is at present operated by the 2 partners with 1 full time & 1 part time staff.

Trading Hours

6 Day week
Tuesday & Wednesday 6pm – 9:30?pm
Thursday 6 pm – 10?pm
Friday & Saturday 6 pm – 10:30?pm
Sunday 5:30–9?pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2019 with reviews every 4 years (next review 2027) at a current rent of £33,000 p.a.

The Purchaser is to be responsible for the Landlord's costs.

Business Rates from April 2023 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote