Licensed Restaurant in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SE London

Turnover £ 4,500
Price £85,000

Features

Licensed Japanese Restaurant

6 DAYS OPENING
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, wood strip floor, ceiling with hanging lights. Bar with 1 tap, EPOS till, 3 door fridge, Tables and chairs providing seating for 45 People, CCTV system (3 cameras, 1 monitor)

Open plan Suchi cool display counter with refrigerated storage section, 2 fridges.

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

Kitchen, stainless steel extractor unit, Gas 8-burner Cooker, grill, deep fryer, 2 pan deep fryer, freezer, Large double door fridge, 2 deep freeze, 2 under counter freezer, 3 Rice cooker, double sink and drainer, sink, dishwasher, etc.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (60% Deliveries)

Staff

The business is at present operated by the vendor with 3 full time & 1 part time staff.

Trading Hours

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

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 2015 with reviews every 3 years (next review 2027) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

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