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Reference R1499
Turnover £ 5,000
Price
£49,500
Features
Licensed Spanish Restaurant
6 DAYS OPENING
4 STAR HYGIENE RATING
Terrace seating for 30 persons
Total seating capacity (including terrace) 85 covers
DOUBLE FRONTED PREMISES with byfold doors. Wooden flooring, wall and feature pendant lighting. Tables and chairs seating 30 persons. BAR with cash register, under-counter fridges for beer and wine, soft drinks fridge, coffee machine, wash hand basin. CCTV (5 cameras)
Conservatory area with laminate floor. Tables and chairs seating 25 persons.
Stairs down to:
Ladies' and gentlemen's cloakrooms with toilet and sink
Storage area
Turnover
WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx.
Staff
The business is at present operated by the vendor with 2 full time staff plus the assistance of 1 part time staff. We are informed the wage bill averages £750 p.w. approx.
Trading Hours
6 Day week
Tuesday - Thursday 5 p.m. - 10 p.m
Friday - Sunday 12 noon - 10 p.m.
CLOSED MONDAY
Outside
Yard
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord due to expire 23th August 2025, 5 yearly reviews, at a current rent of £32,500 p.a. We're advised the Landlord is prepared to grant a new lease, to an approved applicant, at terms to be agreed.
NIL Business Rates after full relief (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
« Search more Spanish Restaurants for sale in Camberwell
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