Licensed Restaurant in South London For Sale

Situated in a parade, main road trading position, residential and commercial area, S.E. LONDON.

Turnover £ 11,500
Price £180,000

Features

Licensed Lebanese Restaurant

4 STAR HYGIENE RATING
SISHA FORECOURT WITH CANOPY WITH SEATING FOR 30 PEOPLE , 3 hanging heaters AND 50" TV.

BI-FOLD FRONTED PREMISES in the region of 700 ft² with Stone Flooring, hanging lights. Bar, EPOS till. Tables and chairs providing seating for 30 People.

Open plan kitchen area, stainless steel extractor unit, 2 x kebab machine, grill, freezers, 5 fridges, 2 x drinks display fridge (glass fronted upright double-door), coffee grinder, Coffee Machine (2 Group), blenders, ice machine, 3 microwaves, 3 x Deep fryer, Lebanese Coffee machine, toaster, Air conditioning with hot air, 2 x 75" TV, CCTV system (13 cameras, 1 monitor).

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

Basement, used for storage purposes.

Walkin coldroom.

Preparation room stainless steel extractor unit, cooker, air inlet, 5 freezers, 4 stainless steel preparation table.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,500 p.w. with a Gross profit of 65% approx. with Net Profit (2024) of £53,016

Staff

The business is at present operated by 3 full time with 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11.30am - 11pm

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 2019 with reviews every 5 years (next review 2029) at a current rent of £43,000 p.a.

Business Rates from April 2025 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote