Thai & Spanish Restaurant in Charlton For Sale

Situated in a parade, busy road, residential area and close within 5 minutes walk of major Football Ground, SE LONDON CHARLTON

Turnover £ 1,500
Price £75,000

Features

Well Equipped Licensed Restaurant

At present Thai cuisine and Spanish Tapas, which could obviously be continued and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine if desired.

ATTRACTIVE SINGLE FRONTED RESTAURANT (can be partly open front - weather permitting). Front section with ceramic tiled floor. Rear section with laminated strip floor. Ceiling with inset spotlighting. Tables and chairs providing seating for 35 persons (can be increased to accommodate 40 persons). Bar with tiled front, wooden top, 3 hand pumps, 2 group coffee machine, glass fronted counter fridge, sink and work surface.

Customer's cloakroom with w.c. and wash hand basin

First floor kitchen with dumb waiter to the ground floor. The kitche is well equpped including stainless steel extractor unit, 3-burner Chinese cooker, 4-burner gas cooker, fridge, deep freeze, stainless steel tables, double sink and drainer.

Turnover

WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. The restaurant is situated close to a major football ground & normally obviouslly benefits from a boost of turnover on match days.

Staff

The Restaurant is at present operated by a lady vendor with the assistance of 1 full time & 2 part time staff plus additional part time staff employed on match days.

Trading Hours

Tuesday - Sunday inclusive - 5 p.m. - 10 p.m.
CLOSED ALL DAY MONDAY

Accommodation

The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles plus attic double bedroom)
Bathroom with corner bath, shower over bath, w.c. and wash hand basin
Lounge

Outside

Small yard with storeroom

Tenure

We understand the premises are held on a secure renewable lease, until 2031 at a rental of £25,408 p.a. next review 2025, reviews every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote