Licensed Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, opposite Supermarket, sought after office area, SW LONDON

Turnover £ 5,000
Price £125,000

Features

Staff Run Licensed Japanese & Korean Restaurant

5 DAYS OPENING

* Alcohol Licence. Gas Certificate. EIRC Certificate. PATR Certificate. Emergency Lights Certificate. Fire Risk Assessment Certificate. Duck Cleaning Certificate. *

DOUBLE FRONTED AIR-CONDITIONED PREMISES, in the region of 1,200 ft², Tiled flooring, plasterboard ceiling with spotlights, CCTV (6 cameras).

Tables and chairs seating 35 people.

Sales counter / Bar. EPOS cash register, under-counter fridges, freezer, wash hand basin, wall-mounted wine cabinet and display fridges, etc

Sushi preparation station

Ladies cloakroom with toilet and wash hand basin.

Gentleman's cloakroom with toilet and wash hand basin.

Disabled cloakroom with toilet and wash hand basin.

Central controlled fire and smoke alarm system.

KITCHEN - Stainless steel central controlled extractor and gas system, single burner gas stove, grease seperator, 3-phase electrical sockets, double basket deep fat fryer, 6 burner gas stove, rice cooker, soup warmer, microwave, full height freezer, under counter fridge, 4 door commercial fridge, sushi preparation station, commercial diswasher, double sink and drainer, single sink (for sushi), wash hand basin, stainless steel preparation tables, etc

Stairs to Basement, in the region of 900 ft², used for storage.

Locked office.

Secure dry good store, 7 five-tier shelves.

3 freezers, sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w.

Staff

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

Trading Hours

5 Day week
WEDNESDAY, THURSDAY & SUNDAY 12 noon - 9.30 p.m.
FRIDAY & SATURDAY 12 noon - 10 p.m.

CLOSED MONDAY & TUESDAY.

Demand and potential to increase opening hours.

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 2024 with reviews every 5 years (next review 2029, with a break clause) at a current rent of £49,500 p.a.

Business Rates from April 2025 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MARCH 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote