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Reference R7085

Licensed Restaurant in Putney For Sale


Register to see map and to make an appointment Situated in a parade, main road trading position, LONDON, SW PUTNEY

Turnover 1,600
Price 40,000

Features

Attractive Licensed Restaurant

At present operated on a low key basis, in our opinion offering tremendous potential for development in the right hands.

ATTRACTIVE RESTAURANT with ceramic tiled floor, artificial beams to ceiling, wall lighting. Tables & chairs providing seating for 45 persons.

Ladies' cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor. The equipment includes 6-burner gas cooker with double oven, 2 stainless steel tables, double sink & drainer, wash hand basin, walk-in coldroom.

Large cellar

Turnover

WE ARE INFORMED the turnover averages 1,600 p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit 65% approx.

Staff

The Restaurant is at present operated by a husband & wife team & no staff are employed.

Trading Hours

5 evenings per week - 7 p.m. - 10 p.m.
CLOSED SUNDAY & MONDAY

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in November, 2022 at a current rental of 18,000 p.a. exclusive of rates up to March, 2018 with rent to be agreed thereafter.

Uniform Business Rates: 8,038 p.a.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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