Spacious Licensed Restaurant Plus Bar (full On Licence)

Reference R2579
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Fast Food Restaurants,Restaurants,Other Takeaways,Wine bars for sale in South London

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Register to see map and to make an appointment Situated in a parade, excellent main road trading position, LONDON, SW
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Turnover 7,000
Price 70,000

Features
This Licensed Restaurant & Bar caters for breakfasts, lunches, snacks, burgers, salads, evening meals and has the advantage of a Full On Licence. We understand the licence enables the business to be open Sunday 1 a.m. Monday, Tuesday & Wednesday 12 midnight, Thursday 2 a.m. Friday & Saturday 3 a.m.

Front area with space for 4 tables and 8 chairs (Licence Fee payable to the Council).

ATTRACTIVE LICENSED RESTAURANT plus BAR (can be open front - weather permitting). Front area with tiled floor plus raised area with woodstrip floor, ceiling with inset spotlighting. Tables and chairs providing seating for 60 persons. Bar, 1 hand pump, 2 double door counter fridges, 1 single door counter fridge.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

LEVEL KITCHEN with tiled floor. 1 4-burner gas cooker plus 1 6-burner gas cooker, double deep fryer, stainless steel tables, 4 stainless steel fridges, 1 small deep freeze, 1 upright deep freeze, 1 chest deep freeze, double sink and drainer etc.
Turnover
WE ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering further potentialt to increase in the right hands. (We understand the split of turnover is approximately 45% catering with the balance of 55% in respect of wet sales).
Staff
At present mainly staff operated with 6 full time and 3 part time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Trading Hours
11 a.m. - 11 p.m. seven days per week
Tenure
We understand the premises are held on a secure renewable lease from an Insurance Company, the present lease having approximately 6 years unexpired at a rental of 30,000 p.a. exclusive of rates up to October, 2013 with rent to be agreed thereafter.

Uniform Business Rates: 8,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT