Licensed Restaurant in Battersea For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON BATTERSEA

Price £100,000

Features

Well Fitted Licensed Lebanese Restaurant (closed)

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 865 ft² with canopy. Tiled floor, suspended ceiling with LED lights. Air conditioning with hot air. Tables and chairs providing seating for 20 persons. Bar with seating for 8 persons. Cool display counter with refrigerated storage section, EPOS till, charcoal grill. CCTV system (9 cameras, 1 monitor).

Small Kitchen for online orders

Stairs to Basement.

KITCHEN. Stainless steel extractor unit, dumbwaiter, 6-burner gas cooker, 2 2-pan deep fryers, large fridge, refrigerated making table, three sinks with drainer, 2 microwaves.

Walk-in coldroom

Walk-in freezer

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover when trading averaged £8,500 p.w. with a gross profit of 65% approx. (£2,500 via Deliveroo)

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 2017 with reviews every 5 years (next review 2027) at a current rent of £25,000 p.a.

Business Rates from April 2022 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £100,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote