Licenced Restaurant in South London For Sale

Situated in a parade, main road trading position, residential area, SE LONDON.

Turnover £ 5,200
Price £85,000

Features

Licenced Restaurant

5 STAR HYGIENE RATING
6 DAYS OPENING
FORECOURT WITH SEATING FOR 4 PEOPLE

DOUBLE FRONTED PREMISES in the region of 340 ft² WITH CANOPY, laminated strip floor, ceiling with hanging lights. Bar, EPOS till. Tables and chairs providing seating for 28 People, CCTV system (2 cameras).

Toilet with w.c. and wash hand basin.

Open plan kitchen area with stainless steel extractor unit, pizza oven with conveyor belt (single deck), Oven, induction hob, 5 fridge, freezer, microwave, double sink and drainer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,200 p.w. with a Gross profit of 65% approx. (10% DELIVERIES)

Staff

The business is at present operated by the vendor with 4 family members and 1 part time staff.

Trading Hours

6 Day week
SUNDAY & TUESDAY - THURSDAY 5pm - 10pm
SATURDAY 5pm - 10.30pm

Outside

Small Rear garden with seating for 12 people

Tenure

The private landlord subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 10 years full repairing and insuring lease with rent reviews every 5 years at a current rent of £20,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote