FinanceYou can borrow
£ 39,750 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Spacious Licensed Restaurant Plus Bar (Full On Licence) for Sale
Situated in a parade, excellent main road trading position, LONDON, SW
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 potential 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.
Opening 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 6½ 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 £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee