Licensed Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, opposite Supermarket, sought after office area, SW LONDON

Turnover £ 6,000
Price £150,000

Features

Licensed Japanese & Korean Cuisine Restaurant


6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED AIR-CONDITIONED PREMISES, in the region of 1,200 ft², Tiled flooring, plasterboard ceiling with spotlights, CCTV (6 cameras).

Tables and chairs seating 35 people.

Sales counter / Bar. EPOS cash register, undercounter fridges, freezer, ice maker, wash hand basin.

Sushi preparation station

Ladies cloakroom with toilet and wash hand basin.

Gentlemans cloakroom with toilet and wash hand basin.

Disabled cloakroom with toilet and wash hand basin.

KITCHEN - Stainless steel extrator, double basket deep fat fryer, 5 burner chinese hob, rice cooker, plate warmer, microwave, full height freezer, under counter fridge, double door fridge, sushi preparation station, diswasher, double sink and drainer, single sink (for sushi), wash hand basin, stainless steel preparation tables, etc

Stairs to Basement, in the region of 900 ft², used for storage.

Office.

Staff cloakroom with toilet and wash hand basin.

Dry good store.

3 freezers, sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w.

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY 12 noon - 10 p.m.
SATURDAY 12 noon - 10 p.m.

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 2024 with reviews every 5 years (next review 2029, with a break clause) at a current rent of £49,500 p.a.

Business Rates from April 2025 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MARCH 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote