Impressive Mediterranean Restaurant in Croydon For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SURREY. CROYDON

Turnover £ 9,500
Price £110,000

Features

Impressive Licensed Mediterranean Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,760 ft². Woodstrip floor, suspended ceiling with spotlights plus hanging lights. Tables and chairs providing seating for 90/100 persons. BAR. 2 EPOS tills, drinks fridge, dishwasher.

OPEN PLAN KITCHEN. Stainless steel extractor unit, 6-burner cooker, charcoal grill, combi oven, 4 fridges, freezer, 2 microwaves, double sink and drainer, 2 stainless steel preparation tables

Stockroom with fridge

Ladies' & gentlemen's plus disabled toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. with a Gross profit of 65% approx. (£1,000 per week in delivery)

Staff

The business is at present operated by the vendor with 6 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 12 noon - 3 p.m & 5.30 p.m. - 10.30 p.m
SATURDAY & SUNDAY 12 noon - 10.30 p.m

Outside

Private service road to the rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2012 with reviews every 4 years (next review 2024) at a current rent of £54,000 p.a.

Business Rates from April 2022 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote