Fine Dining Restaurant and Bar in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SE London

Turnover £ 9,500
Price £119,000

Features

Fine Dining Restaurant & Cocktail Bar

4 STAR HYGIENE RATING
Garden with seating for 16 People

DOUBLE FRONTED PREMISES WITH, wood strip floor, spot lights and hanging lights. Bar with fridges, wine fridge (glass fronted), EPOS till, Coffee Machine (2 Group), coffee grinder, Gas water tap. Tables and chairs providing seating for 40 People, CCTV system (3 cameras).

Open plan Kitchen with stainless steel extractor unit, Cooker (Gas 4-burner + Frying Section), fridges, freezers, dishwasher, Rational Oven, large mixer, microwave.

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

Basement, used for storage purposes

First Floor with office
Stock room with Fridges and Preperation Tables, ice machine
Toilet..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 - £10,000 p.w. with a Gross profit of 65% approx. (NO ONLINE SALES)

Staff

The business is at present operated by 2 partners with 3 full time & 2 part time staff.

Trading Hours

TUESDAY - THURSDAY 5pm-10pm
FRIDAY & SATURDAY 12pm - 12 Midnight
SUNDAY 12 - 8pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a lease (Dulwich Estate) granted for 16 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £35,000 p.a.

Business Rates from April 2025 £7,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £119,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 59,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote