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Reference R2677

Licensed Fish & Chip Restaurant in South London For Sale

Licensed Fish & Chip Restaurant in South London For Sale
Licensed Fish & Chip Restaurant in South London For Sale Buy a Licensed Fish & Chip Restaurant in South London For Sale

Register to see map and to make an appointment Situated in a Parade, prominent trading position, residential, office and commercial area, Bustling area with excellent transport links, SW LONDON

Turnover £ 6,500
Price £250,000

Features

Licensed Fish & Chip Restaurant

BEER GARDEN WITH SEATING FOR 20 PEOPLE
FORECOURT WITH SEATING FOR 8 PEOPLE.
Tables and chairs providing seating for 24 People
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 550 ft² WITH CANOPY, laminated strip floor, spot and hanging lighting, Preston & Thomas (2 pan) counter range, cash register, chip dump, Fish fridge, dishwasher, sink, freezer, 2 fridges, wine cooler (glass fronted), CCTV system (4 cameras).

Preparation room, potato chipper and peeler, 2 deep freeze.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a Gross profit of 65% approx. (20% DELIVERIES)

Staff

The business is at present operated by the vendor with 1 full time and 3 part time staff.

Trading Hours

7 Day week
MONDAY - WEDNESDAY 5pm - 10pm
THURSDAY 12.30pm 2.30pm then 5pm - 10pm
FRIDAY & SATURDAY 12 noon - 10pm
SUNDAY 4pm - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2025 with reviews every 4 years (next review 2029) at a current rent of £40,000 p.a. (under negotiation)

Business Rates from April 2025 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1980, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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