Fast Food Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, SE LONDON

Turnover £ 3,500
Price £48,000

Features

Well Equipped Licensed Café / Restaurant with Full On Licence (midnight Closing)

Front area with space for 3 tables & 6 chairs

SINGLE FRONTED CAFÉ/RESTAURANT with lino wood effect floor, ceiling with concealed lighting. Tables & chairs providing seating for 26 persons. Cool display serveover counter, 2 upright glass fronted display fridges (on loan from Coca Cola).

OPEN PLAN KITCHEN AREA with tiled walls, stainless steel extractor plus stainless steel cladding to walls (cooking area), refrigerated servery preparation top, 6-burner gas cooker with oven, large gas griddle, double deep fryer, 1 stainless steel upright fridge, 1 large chest deep freezer, 1 small deep freezer, 2 stainless steel tables, double sink & drainer, dishwasher, wash hand basin etc.

Customers' cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED BY THE OWNER the turnover currently averags £3,500 p.w. (NO ONLINE DELIVERIES)

Staff

At present operated by a lady vendor with the assistance of a relative plus 1 full time & 2 part time staff. Wage bill £500 p.w.

Trading Hours

Operated 5 days per week Wednesday - Sunday inclusive - 9.30 a.m. - 6 p.m.
CLOSED MONDAY & TUESDAY
In our opinion there is potential for additional opening hours, if desired
We further understand the business is closed for 1 month each year for holiday period

Outside

Small shared yard with rear access

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired from 2024 at a rental of £19,000 p.a. exclusive of rates up to September, 2029. We further understand the landlord is prepared to grant a new lease, at terms to be agreed.

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £48,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 24,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote