Licenced Charcoal Restaurant and Bar in South London For Sale

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

Turnover £ 9,000
Price £160,000

Features

Licensed Charcoal Restaurant & Bar

FORECOURT WITH SEATING FOR 8 PEOPLE
6 DAYS OPENING
5 STAR HYGIENE RATING
4.8 RATING ON GOOGLE (over 1,000 reviews)

SINGLE FRONTED PREMISES in the region of 1,540 ft² WITH ELECTRIC SHUTTERS AND CANOPY, tiled floor, spot and hanging lighting. Bar, EPOS till, Tables and chairs providing seating for 50 People, CCTV system (8 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, charcoal grill, 2 kebab machine, gas Oven, gas Turkish pizza oven.

Additional Kitchen, salad fridge , 2 x freezer, 2 x fridge, stainless steel extractor unit, Cooker (Gas 5-burner).

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

Basement in the region of 480 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a Gross profit of 65% approx. (£2,000 on deliveries)

Staff

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

Trading Hours

6 Day week
SUNDAY & TUESDAY - THURSDAY 12 noon - 10pm
FRIDAY & SATURDAY SATURDAY 12 noon - 11pm

Outside

Rear yard

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 2018 with reviews every 5 years (next review 2028) at a current rent of £23,000 p.a.

Business Rates from April 2025 £4,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote