Immaculate Restaurant & Wine Bar in South London For Sale

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

Turnover £ 5,000
Price £65,000

Features

Immaculate European Restaurant & Wine Bar

Sheltered terrace seating to the front for 20 people with retractable canopy.

5 STAR HYGIENE RATING ~ 6 DAYS OPENING

SINGLE FRONTED PREMISES, in the region of 575 ft², WITH BYFOLD DOORS AND AWNING - Wooden Floor, Track lighting.

Tables and chairs seating 50 people.

Bar - EPOS cash register, under counter fridges, glass washer, ice maker, wash hand basin.

Ladies' cloakroom with toilet and wash hand basin
Gentlemans' cloakroom with toilet and wash hand basin

LOWER GROUND FLOOR KITCHEN, in the region of 450 ft², stainless steel extractor, industrial non slip flooring, LED light panels. Cooker (6 burner) Oven, salamander, grill, double basket deep fat fryer, microwave, convection oven, 2 chest freezers, 6 fridges, double sink and drainer, hand wash basin, diswasher, 4 stainless steel preparation tables, etc,

Dry Store - shelved.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross Profit of 63% approx.

Staff

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

We are informed the wage bill averages £1,000 p.w. approx.

Trading Hours

6 Day week
SATURDAY - FRIDAY 5 pm - 11 pm
CLOSED SUNDAY
Local demand for longer opening hours.

Outside

Beer Garden seating 15 people.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £45,000 p.a.

Business Rates from April 2024 £3,300 approx. after small business relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote