Well Established Licenced Restaurant in South London For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, SURREY

Turnover £ 5,500
Price £99,500

Features

Well Established Licensed Restaurant & Pizzeria Room A3 / A5 Use

OUTSIDE SEATING for 12 persons

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,400 ft² WITH ELECTRIC SHUTTERS & CANOPY. Suspended ceiling with spotlights, tiled floor. Air conditioning with hot air.

Tables and chairs providing seating for 60 persons.

BAR - EPOS till, coffee machine, under counter fridge, under counter freezer, glass washer, ice machine, wash hand basin, etc.

KITCHEN. Stainless steel extractor unit, dough mixer, 2-deck pizza oven, preparation table, refrigerated making table, 2 fridges, 3 freezers, 2 double sinks and drainer, glasswasher, commercial dishwasher, ice machine, hot cupboard.

Walk-in coldroom

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

Toilet with w.c. and wash hand basin. (Staff)

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 65% approx. (15% deliveries)

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Trading Hours

6 Day week
TUESDAY - FRIDAY 5 p.m - 9.00 p.m.
SATURDAY - 12 noon - 11 p.m.
SUNDAY 12 noon - 9 p.m
CLOSED MONDAY
There is potential and local demand form increased opening hours.

Outside

Parking space for 2 cars.

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £29,000 p.a.

Business Rates from April 2024 £5,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote