Restaurant in South London For Sale

Situated in a parade, main road trading position, SOUTH WEST LONDON

Turnover £ 3,500
Price £150,000

Features

Attractive well Fitted Licensed Restaurant

Trading for the last 7 years as a Steakouse Restaurant, which could obvously be continued & in view of the excellent main road trading position, in our opinion there is potential for other types of cuisine, if desired.

SINGLE FRONTED RESTAURANT in the region of 635 ft² with quality woodstrip floor, ceiling with spotlighting plus hanging lighting. Attractive brickwork to 1 wall. Air conditioning/heating unit. Tables & chairs providing seating for 38 persons. DISPENSE BAR with 1 hand pump, automatic coffee machine, touchscreen till, 3 double door glass fronted counter fridges, glasswasher, 2 sinks, hot display cabinet etc.

LEVEL KITCHEN with tiled floor, ice display open unit (for salads), stainless steel extractor plus stainless steel cladding to cooking area, 6-burner gas cooker with double oven, double deep fryer, microwave oven, rotisserie grill, upright fridge, dishwasher, sink & drainer etc.

Fully tiled ladies' cloakroom with w.c. & wash hand basin & baby changing facilities
Gentlemen's cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase, especially with lunch time opening, if desired.

Staff

The restaurant is at present operated by the vendor with the assistance of 1 part time waitress plus 1 chef & 1 kitchen porter.

Trading Hours

6 evenings per week - 5 p.m. - 10 p.m.
CLOSED MONDAY

Accommodation

The SELF CONTAINED accommodation comprises:

Ground Floor
Kitchen

First Floor
3 Bedrooms (2 doubles 1 of which is at present utilized as a storeroom with 2 chest deep freezers, 1 single)
Bathroom with bath, wash hand basin
Separate w.c.

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease expiring in February, 2028 at a rental of £19,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 4 years.

Uniform Business Rates: We understand nil payable at present after small business relief

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED LICENSED RESTAURANT IN THIS EXPANDING AREA

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote