Fantastic Licenced Restaurant in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, fantastic view of Park., SE London

Turnover £ 5,750
Price £165,000

Features

Prime Location Licenced Restaurant

6 DAYS OPENING
FORECOURT SWEATING FOR 10
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 850 ft² WITH ELECTRIC SHUTTERS, tiled floor, spot and hanging lighting, Air conditioning with hot air. Bar, EPOS till, Tables and chairs providing seating for 46 People can be expanded., CCTV system (8 cameras, 1 monitor).

Open plan kitchen area with stainless steel extractor unit, Cooker (Gas 8-burner), microwave, 2 upright fridge, 4 under counter fridge, Upright freezer, deep freeze, double charcoal grill, deep fryer (2 pan), salamander grill, Rational Oven, stainless steel preparation tops, dishwasher, sink.

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

Office / Stock Room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 - £6,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the 2 partners with 2 full time & 6 part time staff.

Trading Hours

6 Day week
TUESDAY - FRIDAY 5pm - 10.30pm
SATURDAY 10am - 10.30pm
SUNDAY 10am - 5pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £24,000 p.a.

Business Rates from April 2025 £5,464 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 VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote