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Reference R7771

Mediterranean Restaurant in South London For Sale

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

Price 49,995

Features

Spacious well Equipped Licensed Restaurant We Understand Re-opened On The 28th January, 2019, Catering For Mediterranean Type Cuisine Including Grills, Burgers, Fish Dishes, Salads

Layby in front of parade (restricted parking during the day)

Large hotel recently opened nearby

SPACIOUS DOUBLE FRONTED RESTAURANT with quaility laminated strip floor. 2 air conditioning/heating units. Quality tables & chairs providing seating for 40 persons. ATTRACTIVE BAR with hand pump, 2 double door glass fronted counter fridges, ice machine, glasswasher, sink.

SERVERY AREA with 2 group coffee machine & coffee grinder (on loan from a company from whom the vendor purchases coffee)

Fully tiled ladies'/disabled cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with quarry tiled floor, stainless steel extractor, gas grill, large charcoal grill, 6-burner gas cooker with double oven, double deep fryer, 2 stainless steel tables, double sink & drainer, wash hand basin etc.

Turnover

AS STATED WE UNDERSTAND the restaurant re-opened on the 28th January, 2019 & in our opinion offers terrific potential for development in the right hands.

Staff

At present operated by 1 of the partners with the assistance of 1 chef & 1 waiter.

Trading Hours

At present
Tuesday - Saturday inclusive - 6 a.m. - 10.30 p.m.
Sunday - 12.30 p.m. - 1 a.m.
NO MONDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 15,600 p.a. exclusive of rates up to March, 2021 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable after small business relief

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPBERLY FITTED LICENSED RESTAURANT IN THIS MAIN ROAD TRADING POSITION.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 49,995 plus STOCK AT VALUATION, subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,998 (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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