Restaurant in Battersea For Sale

Situated in a parade, main road trading position, SW LONDON BATTERSEA

Turnover £ 4,000
Price £120,000

Features

Attractive Licensed Restaurant

At present Afro Caribbean cuisine & British Classic Food which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

GROUND FLOOR ATTRACTIVE & SPACIOUS RESTAURANT with woodstrip floor, ceiling with hanging lighting. Tables & chairs plus 2 settees providing seating for 40 persons (can be increased). BAR with hand pumps, 2 2-door glass fronted counter fridges, glasswasher.

Stairs to LARGE BASEMENT with quality tiled floor. Additional seating area which could accommodate 30/40 persons.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 3 urinals, wash hand basin

Additional staircase to SMALL BASEMENT KITCHEN the equipment includes stainless steel extractor system 6-burner gas cooker with oven, 3-door stainless steel counter fridge, double deep fryer, double sink & drainer, wash hand basin etc.

Turnover

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the owner with the assistance of 2 chefs, kitchen porterplus 2 additional staff in the restaurant area.

Trading Hours

Sunday - Thursday inclusive - 6 p.m. - 12 midnight
Friday & Saturday - 6 p.m. - 1 a.m.

Tenure

We understand the premises are held on a secure renewable lease, the lease having approximately 9 years unexpired at a rental of £27,500 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

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

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote