Licensed Restaurant in South London For Sale

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

Turnover £ 5,000
Price £75,000

Features

Licensed Restaurant & Takeaway

FORECOURT WITH AWNING

DOUBLE FRONTED PREMISES in the region of 850 ft². Woodstrip floor, ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 40 persons. CCTV system (2 cameras).

BAR with EPOS till with printer, under-counter fridge, sink, glass fronted upright double door drinks display fridge.

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

KITCHEN with stainless steel extractor unit, 5-burner Chinese cooker, 6-burner gas cooker, 6 fridges, 2 freezers, 3 microwaves, double sink and drainer, etc.

Stockroom / Storeroom

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx. (25% DELIVERIES)

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - THURDAY 5 p.m - 10 p.m
FRIDAY & SATURDAY 4 p.m. -10.30 p.m.
SUNDAY 4 p.m - 10 p.m

Outside

Small garage

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2013 with reviews every 5 years (next review 2028) at a current rent of £18,540 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote