River View Restaurant in South London For Sale

Situated in a Parade, excellent main road trading position, on the river, residential, office and commercial area, SE LONDON,

Turnover £ 8,500
Price £250,000

Features

Most Attactive Licenced Restaurant with River Views

5 DAYS OPENING
NEWLY FITTED 2021 TO A HIGH STANDARD
FORECOURT FOR 20 PEOPLE OVER LOOKING THE THAMES
5 STAR HYGIENE RATING

RIVER VIEW GLASS FRONTED PREMISES in the region of 2,500 ft² with Bar, drinks display fridge (glass fronted upright double-door) Tables and chairs providing seating for 100 People, CCTV system (4 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas ?-burner), 2 x deep fryer (2 pan), grill, 2 x 3 door fridges, freezer, additional fridge, preparation tables.

Addional kitchen with stainless steel extractor unit, charcoal grill, 3 door fridges, double sink and drainer, preparation table, freezer, shelving.

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

Office.

2 Large rooms (used for storage)

First floor with river views currently used for storage but could be utilised as additional seating.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross profit of 65% approx. (Including £1,500 in deliveries)

Staff

The business is at present operated by the vendor with the assistance of 10 part time staff.

Trading Hours

5 Day week
WEDNESDAY - FRIDAY 5pm - 10pm
SATURDAY & SUNDAY 12 noon - 10pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Outside

Parking space for 1 car.

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 2021 with reviews every 7 years (next review 2028) at a current rent of £42,500 p.a. + VAT In addition we understand there is a Service charge of £8,400 p.a. approx.

Business Rates from April 2024 £3,700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

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