Fast Food Restaurant in South London For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, close to major Pemier League football ground, SW LONDON

Turnover £ 16,000
Price £230,000

Features

State of The Art Fast Food Restaurant & Takeaway Specialising In Grilled and Fried Chicken and Burgers

DOUBLE FRONTED PREMISES. CCTV (6 cameras). Air conditioning Tiled flooring, suspended ceiling with light panels. Tables and chairs seating 28 persons. Sales counter - 4 self service point of sale machines, touch screen till. Soft drinks fridge, ice cream machine, Slushy machine (triple barrel) HCW display cabinet.

KITCHEN. Stainless steel extractor, chip dump, double tank chip fryer, grill, clam grill, combi steam oven, 2 Henny Penny high pressure chicken fryers, commercial blender, bun toaster, 2 upright single door fridges, double door fridge, under- counter fridge, 3 chest freezers, double sink and drainer, breading table.

Ladies' cloakroom with toilet and sink

Gentleman's cloakroom with toilet and sink

Basement used for storage

Staff room, fridge freezer, hotplate

Staff cloakroom, toilet, sink. Shower

Turnover

Recently opened July, 2023 & we are advised the turnover is currently in the region of £16,000 p.w. and growing.

Staff

The business is at present operated by the vendor on a part time basis plus manager with 4 full time staff and 1 part time staff employed. We are informed the wage bill averages £2,500 p.w.approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 11 a.m - 11 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £60,000 p.a. plus VAT. We further understand there is a Break Clause on the tenants side only at year 5.

NIL Business Rates to be advised

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £230,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 115,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote