Japanese Restaurant in South London For Sale

Situated in a parade, main road trading position, densely populated residential area, SE LONDON

Turnover £ 2,500
Price £65,000

Features

Fully Equipped Licensed Restaurant

Established by the present owners as Japanese cuisine in 2013. In our opinion the business offers terrific potential for further development in the right hands.

Service area in front of parade with ample free customers' car parking.

Electric shutters to spacious DOUBLE FRONTED RESTAURANT with full gas fired central heating. Quality tiled floor. Tables and chairs plus upholstered bench seating for approx. 30 persons - could be increased. Ceiling with inset lighting, air conditioning/heating unit, hanging lighting. 3 door glass fronted counter chiller. Reception counter with computerised till.

Rear room, in our opinion, could be used as an additional seating area providing seating for an additional 25/30 persons.

Open plan kitchen with tiled floor, work surface, 2 counter fridges, dish washer. Cooking area with 4-burner gas hob, gas griddle, double deep fryer, rice cooker, microwave oven, counter fridge, counter deep freeze.

Rear storeroom with double door stainless steel fridge, upright deep freeze, 2 counter fridges.

Fully tiled disabled/ladies' cloakroom with w.c. & wash hand basin.
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin.

Rear parking space for 1 car - permit required. Current cost £30/£40 p.a.

Turnover

WE ARE INFORMED the turnover averages £2,500 p.w., in our opinion offering tremendous potential for further increase in the right hans.

Staff

At present operated by a director with the assistance of a relative plus 1 part time kitchen staff and 2 delivery persons.

Trading Hours

Tuesday/Sunday incl. 5 p.m. - 10 p.m. We understand from the present owner that the business can open from 10 a.m. - 10 p.m. seven days per week, if desired.

Tenure

WE UNDERSTAND the premises are held on a secure renewable council lease, the present lease having 4 years unexpired from April 2018 at a rental of only £12,725 p.a. excl. of rates.


OUTSTANDING OPPORTUNITY TO ACQUIRE A FULLY EQUIPPED RESTAURANT IN THIS EXCELLENT TRADING POSITION. IN OUR OPINION, THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.

Price

PRICE TO INCLUDE THE SECURE 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