Licensed Restaurant in Tooting For Sale

Renowned and long established busy Indoor Market, excellent trading position, office and commercial area, TOOTING, LONDON, SW17.

Turnover £ 6,500
Price £30,000

Features

Well Established Licensed Caribbean Restaurant

6 DAYS OPENING

Double unit with electric shutters.

Tables, chairs and bar stools providing seating for 32 people.

Bar - TOAST point of sale cash register, music system with 6 BOSE speakers and amplifier, under counter freezer, cocktail station, ice well, speed rail, drinks fridge, single sink and wash hand basin, etc.

Open plan Kitchen - Stainless steel extractor, gas grill, 2 deep fat fryers, induction hob, oven, microwave, bain marie (4 pot), rice cooker, soup kettle, 2 under counter 3 door fridges, chest freezer, 3 stainless steel preparation tables, etc,

Shelved store room - Fridge.

Turnover

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

The business currently opperates as a franchise which can be continued or terminated as required.

Staff

The business is at present operated by the vendor on a part time basis with 2 full time and 2 part time staff employed.

We are informed the wage bill averages £1,750 p.w. approx.

Trading Hours

6 DAY WEEK
TUESDAY - FRIDAY 5 a.m. - 10 p.m.
SATURDAY 12 noon - 10 p.m.
SUNDAY 12 noon - 9 p.m.
CLOSED MONDAY

We are advised there is demand and potential for longer hours and & DAY OPENING)
Futher potential, and local demand, for longer hours.

Tenure

Trading on a 2 year rolling contract at a current rent of £36,400 p.a. inclusive of service charge and business rates.

Price

TO INCLUDE THE LICENCE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote