Restaurant with Full On Licence in Forest Hill For Sale

Situated in a parade, excellent main road trading position, opposite railway station, residential & commercial area, SE LONDON FOREST HILL

Price £195,000

Features

Attractive Licensed Restaurant We Understand The Premises Has A Full On Licence

At present operated as Italian cuisine, which could obviously be continued & in our opinion there is potential for other types of cusine, if desired.

Front area with space for 2 tables & 4 chairs

FULL GAS FIRED CENTRAL HEATING

GROUND FLOOR front bar area with bar, 2 hand pumps, 2 door glass fronted counter fridge, coffee machine, coffee grinder.

GROUND FLOOR RESTAURANT with laminated strip floor. Tables & chairs providing seating for 46 persons (can be increased to accommodate approximately 56 persons).

OPEN PLAN KITCHEN with tiled floor, large pizza oven, gas cooker, dough mixer, 5 fridges, double sink & drainer etc.

Mezzanine floor ~ Ideal for PRIVATE FUNCTIONS or ADDITIONAL RESTAURANT AREA with laminated floor. Tables & chairs for 18 persons (can be increased to 24 persons).

Ladies' & gentlemen's cloakrooms with w.c. & wash hand basin

Turnover

WE UNDERSTAND THE VENDOR ENJOYS A GOOD TURNOVER, FULL DETAILS WILL BE DISCUSSED UPON INSPECTION.

Staff

At present operated by a husband & wife team, the wife being a chef with the assistance of 1 additional chef.

Trading Hours

CLOSED ALL DAY MONDAY
Tuesday - Friday inclusive - 5 p.m. - 10 p.m.
Saturday & Sunday 12 noon - 10 p.m.
We are further advised that the business closes for 2 weeks over the Christmas period & a further 2 weeks in the summertime.

Outside

Large Beer Garden to rear total seating for 60 people. Substantial covered area with woodstrip floor. Tables & chairs for 30 persons. Bar with 2 hand pumps, double door glass fronted fridge.
2 Garages used for storage purposes

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a current rental of £24,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

** N.B. Please note the purchaser is be responsible for all solicitors' costs **

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote