Modern African Restaurant in South London For Sale

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

Turnover £ 2,400
Price £74,500

Features

Modern African Restaurant


SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS - Wooden floor, suspended ceiling with pendants and character chandeliers.

Customer waiting area.

Tables and chairs seating 40 people.

Bar - Electric cash register.

Two cloakrooms each with toilet and wash hand basin.

KITCHEN - Stainless steel extractor, 6 burner hob and oven beneath, 5 burner hob with oven beneath, grill, 2 single basket deep fat fryers, 2 microwaves, heated cabinet, tripple door freezer, 30 ltr food mixer, double door fridge, tripple door under counter fridge, double sink and drainer, stainless steel preparation table, etc,

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,400 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8 am - 11 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £24,000 p.a.

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

THE BUSINESS WAS ESTABLISHED IN AUGUST 2024 AND OFFERED FOR SALE SOLELY MDUE TO THE VENDOR'S FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £74,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote