Fish and Chip Restaurant in South London For Sale

Occupying a corner position, busy road, SOUTH EAST LONDON

Turnover £ 7,500
Price £220,000

Features

Licenced Fish & Chip Restaurant and Takeaway

FORECOURT WITH SEATING FOR 10 PEOPLE

DOUBLE FRONTED CORNER PREMISES in the region of 795 ft² with tiled floor, LED hanging lights, 4 pan gas counter range, cash register, chip dump, open cool display Drinks unit (1 metre), Drinks display fridge, Fish fridge, fridge. Tables and chairs providing seating for 24 People, CCTV system (5 cameras, 1 monitor).

Basement in the region of 210 ft² with

Toilet with w.c. and wash hand basin.

Staff Toilet with w.c. and wash hand basin.

Preparation room, dishwasher, potato chipper and peeler, deep freeze

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS)

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - THURSDAY 3pm - 10pm
FRIDAY - SATURDAY 12 noon - 10pm
SUNDAY 12 noon - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £32,000 p.a.

Business Rates from April 2025 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote