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Reference R1439
Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON MERTON ABBEY
Turnover £ 4,500
Price
£95,000
Features
Licensed Bar & Tapas Restaurant
OUTSIDE SEATING 8 PERSONS (Summer months)
TOTAL SEATING FOR 59 PERSONS
SINGLE FRONTED PREMISES in the region of 960 ft². Laminated strip floor, ceiling with fluorescent lighting. Bar with seating for 11 persons. EPOS till. Tables and chairs providing seating for 22 persons.
KITCHEN. Stainless steel extractor unit, new 6-burner cooker, grill, Rational oven, 2-pan fryer, dishwasher, preparation table, refrigerated making table, pasta machine.
Ladies' & gentlemen's toilet with w.c. and wash hand basin
Basement in the region of 540 ft²
Additional tables and chairs providing seating for 18 persons
Storeroom
Turnover
WE ARE INFORMED by the owner the turnover averages £4,500 p.w. with a gross profit of 65% approx. (NO DELIVERIES)
Staff
-.
Trading Hours
6 Day week
TUESDAY - THURSDAY 5 pm - 11 pm
FRIDAY & SATURDAY 11 a.m - 11.30 pm
Accommodation
THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed window,
comprises:
1 Large bedsitting room.
Shower room with shower, w.c. and wash hand basin
Outside
Parking space for 1 car
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a lease from a private landlord, granted for 21 years in 2017 with reviews every 3 years (next review 2026) at a current rent of £19,000 p.a. We understand, subject to satisfactory references, the landlord is prepared to grant a new longer lease, at terms to be agreed.
N.B. The lease is outside the 1954 Landlord and Tenant Act.
Business Rates from April 2022 £2,500 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR EMIGRATING.
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 PLUS STOCK
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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