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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

Turnover 7,000
Price 80,000

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 ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering further potential to increase in the right hands.

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 80,000 NO OFFERS plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 40,000 (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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