Spacious Restaurant in South London For Sale

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

Turnover £ 5,000
Price £160,000

Features

Spacious Restaurant (specialising In Burritos, Wings, Waffle and Shakes)


4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 825 ft², WITH ELECTRIC SHUTTERS, tiled flooring, suspended ceiling with spotlights and pendants, televisionscreen menues.

Tables and chairs seating 52 people.

Sales counter, touch screent cash register.

Bain marie (6 pots), soft drinks fridge, display chiller, ice cream maker, ice cream isplay freezer, display chiller, painini grill, toaster, blender, waffle maker, crepe maker, dishwasher, under counter fridge, etc.

Customer cloakroom with 2 toilet and feature wash hand basin

Steps to BASEMENT in the region of 750 ft².

KITCHEN - Stainless steel extractor, Rationale oven, grill, double basket deep fat fryer, chip skuttle, stainless steel table, three door chiller, double sink and drainer, pass through dishwasher

3 chest freezers, Walkin chiller.

Storeage area.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 60% approx.

There is further potential to increase sales with the introduction of the sale of beers, wines and spirits subject to landlord and locol authority approval.

Staff

The business is at present operated by the vendor with 3 full time and 2 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 12 midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £33,000 p.a.

Business Rates from April 2025 £6,200 approx. after small business (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND OFFERED FOR SALE DUE TO THE VENDOR'S RELOCATION.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote