Kebab Shop & Restaurant in South London For Sale

Situated end of parade, excellent main road trading position, urban, diverse and vibrant area of SE LONDON

Turnover £ 2,000
Price £89,950

Features

Old Established Kebab Shop and Restaurant

Established 1990's
Tables and chairs providing seating for 12 People
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 600 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED PANEL lights, cool display counter with refrigerated storage section, EPOS till, cash register, stainless steel extractor unit, 2 x kebab machine, grill, bain marie (4-pot), Deep fryer, painini machine, Coffee Machine (2 Group), drinks display fridge, CCTV system (3 cameras, 1 monitor).

Preperation Kitchen, freezer.

Walkin coldroom.

Toilet with w.c. and wash hand basin.

Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 65% approx. (2% PORTAL SALES)

Staff

The business is at present operated by the 2 partners with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 11am - 12 Midnight
SUNDAY 12 noon- 12 Midnight

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 2020 with reviews every 5 years (next review 2030) at a current rent of £19,000 p.a. + VAT. In addition we understand there is a Service charge of £1,500 p.a. approx. + VAT

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote