Caribbean Restaurant in South London For Sale

Situated in a parade, close to High Street, SE LONDON

Turnover £ 5,500
Price £130,000

Features

Licensed African & Caribbean Restaurant

5 STAR HYGIENE RATING
4 DAYS OPENING
FORECOURT FOR 10 PEOPLE

SINGLE FRONTED PREMISES, laminated strip floor, spot lights and hanging lights. Bar with 2 TAPS, EPOS till. Tables and chairs providing seating for 60 - 65 People, CCTV system (6 cameras, 1 monitor)

Kitchen with stainless steel extractor unit, Cooker (Gas 8-burner), fridge, freezers, dishwasher, hot plate, 3 x microwave, 2 stainless steel preparation tables.

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

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 65% approx. (10% VIA PORTALS)

Staff

The business is at present operated by the vendor on a partime basis with 4 full time staff employed.

Trading Hours

Currently 4 Day week
THURSDAY 6pm - 11pm
FRIDAY 6pm - Midnight
SATURDAY 4pm - Midnight
SUNDAY - 3pm - 10pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £28,000 p.a. + VAT

Business Rates from April 2026 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MAY 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote