Restaurant and Dessert Parlour in South London For Sale

Situated in a parade, main road trading position, densely populated residential & commercial area, SOUTH EAST LONDON / KENT Borders

Turnover £ 3,200
Price £60,000

Features

Premier Burger and Dessert Takeaway with Seating For 14 Customers

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 550 ft², WITH ELECTRIC SHUTTERS, Tiled flooring, LED lighting.

Customer waiting area, tables and chairs seating 14 people.

Sales counter, menu display, electronic cash register.

OPEN PLAN KITCHEN - Stainless steel extractor, griddle (1m), double basket deep fat fryer, microwave, waffle machine, bubble tea machine, ice cream display freezer, refridgerated topping table, 2 drinks fridges, chest freezer, full height freezer, fridge, sink with drainer, wash hand basin,

Rear storage area with large sink, fully shelved.

Additional room with tower fridge, additional fridge.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,200 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the staff with 4 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 11 am - 9.30 pm
FRIDAY & SATURDAY 11.30 am - 9.45 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 6 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE JAN 2023

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote