Licensed Seafood Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, SW LONDON

Turnover £ 9,000
Price £250,000

Features

Licensed Café / Restaurant Specialsing In Seafood

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, wood strip floor, ceiling with spot lights and pendant lights, 2-pan gas counter range, chip dump, hot display, cash register, coffee grinder, Coffee Machine (1 Group).

Tables and chairs providing seating for 60 People, CCTV system (4 cameras).

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


BASEMENT:

Preparation room, potato chipper and peeler, Fish fridge, freezers.

Office.

Walkin coldroom.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w.- £10,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m. - 10 p.m.
SUNDAY 10 a.m. - 9 p.m.

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 2016 with reviews every 4 years (next review 2028) at a current rent of £48,600 p.a.

We are advised the Landlkord requires a 4 month (£16,200) rent deposit.

Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote