Grill Restaurant in South London For Sale

Situated in a parade, busy road, residential area SW LONDON

Turnover £ 3,500
Price £79,500

Features

Grill Restaurant

FORECOURT WITH SEATING FOR 8 PEOPLE
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, laminated strip floor, suspended ceiling with spot and hanging lighting, sales counter, EPOS till. Tables and chairs providing seating for 21 People (can be expanded), CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, charcoal grill (2.4 meters), Cooker (Gas 6-burner), bread oven, double sink and drainer, mincer, 2x fridge, microwave

Pizza Kitchen with pizza oven (2-deck), refrigerated making table, freezer, fridge, deep fryer (2 pan), Dough roller, ice cream freezer, drinks display fridge

Basement, with 2 Rooms used for storage purposes, 4 deep freezers
2 x Toilet with w.c. and wash hand basin. Plus shower room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (£1,000 in online sales)

Staff

The business is at present operated by the 2 partners with the assistance of 2 part time drivers.

Trading Hours

7 Day week (2.30am LATE LICENCE)
MONDAY - SUNDAY 11.30am - 11.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £19,000 p.a.

Business Rates from April 2024 £2,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote