Licensed Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, SE LONDON

Turnover £ 4,250
Price £79,950

Features

Korean Licenced Restaurant

5 STAR HYGIENE RATING
Tables and chairs providing seating for 40 People

DOUBLE FRONTED RESTAURANT PREMISES in the region of 1,465 ft² with tiled floor, spot lights & hanging lights, Air conditioning with hot air, sales counter, EPOS till, under counter drinks display fridge (glass fronted), CCTV system (10 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, 2 x Deep fryer, bain marie (6-pot), Cooker (4 ring Electric), fridge, freezer, double sink and drainer.

Basement in the region of 735 ft², used for storage purposes, deep freeze, fridge, sink.

Walkin coldroom.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 - £4,500 p.w. with a Gross profit of 65% approx. (60% via portals)

Staff

The business is at present operated by the vendor (part time) with 2 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY 4pm - 10pm
TUESDAY - SATURDAY 12 noon - 10pm
SUNDAY 12 noon - 9pm

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 2013 with reviews every 3 years (next review 2028) at a current rent of £26,000 p.a.

Business Rates from April 2026 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote