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Reference R9986
Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON STREATHAM
Turnover £ 5,500
Price
£70,000
Features
Mediterranean Restaurant
6 DAYS OPENING
SINGLE FRONTED PREMISES. Total area 1,000 sq ft. Air conditioned. Tiled floor tiles, suspended ceiling with spotlights. Tables and Chairs seating 35 persons. Counter, electric cash register, coffee machine, grinder, 2m charcoal grill, stainless steel extractor, 2 doner kebab machines, double deep fryer, 4 burner cooker, 3 microwaves (1 commercial), 3 under-counter fridges, 2 drinks fridges, 2 freezers, wash hand sink.
Ladies' and gentlemen's cloakroom with toilets and wash hand basin.
REAR MAIN KITCHEN. Stainless steel extractor. 2 chest freezers, upright double door fridge, 2 single door fridges, 4 stainless steel tables, double sink and drainer, 6 burner cooker, single fryer, dough mixer, food processer, etc.
Turnover
WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 65% approx. The business has Just Eat.
Staff
The business is at present operated by the vendor with the assistance of his son plus 2 full time staff with the assistance of 2 part time staff employed.
Trading Hours
6 Day week
TUESDAY - SUNDAY 2pm - 10.30 pm
CLOSED MONDAY
In our opinion there is potential for longer opening hours.
Outside
Yard
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £16,000 p.a.
Business Rates from April 2023 £1,300 approx. after small business relief. (Please contact local authority to confirm)
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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