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Reference R8999

Mediterranean Restaurant in South London For Sale

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

Price 150,000

Features

Licensed Restaurant

Late license on Friday and Saturday until 2:50am.

At present mediterranean cuisine, which can obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE SINGLE FRONTED RESTAURANT with woodstrip floor, ceiling with inset spotlighting. Air conditioning. Tables & chairs providing seating for 32 persons. BAR with touchscreen till, glasswasher.

KITCHEN AT REAR with stainless steel extractor, 6-burner gas cooker with oven, double deep fryer, charcoal grill, 3 double door stainless steel fridges, 2 chest deep freezers.

Fully tiled ladies' & gentlemens/disabled cloarkroom with w.c. & wash hand basin

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details of which will be discussed upon inspection.

Staff

At present operated by the vendor with the assistance of 3 chefs, 1 kitchen porter plus 3 waitresses.

Trading Hours

Monday - Saturday inclusive - 12 noon - 11 p.m.
Sunday opening - 12 noon - 10 p.m.

Outside

Access at rear of restaurant for loading

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 26,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

Uniform Business Rates: 10,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 75,000 (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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