Licensed Spanish Restaurant in Camberwell For Sale

Situated in a parade, busy road, sought after area, SE LONDON CAMBERWELL

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