Newly Fitted Restaurant in South London For Sale

Situated in a parade, main road trading position, residential and commercial area, SOUTH EAST LONDON

Turnover £ 600
Price £39,000

Features

New & well Fitted Café / Restaurant (not Licensed, Can Provide Your Own Alcohol)

5 DAYS OPENING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 590 ft². Air conditioned. Liminate wood effect flooring. plaster board ceiling with spoTlights. Tables and chairs seating 10. BAR, cash register, 2 under- counter fridgeS, under-counter freezer, ice machine,

OPEN PLAN KITCHEN. Stainless steel extractor, 3 induction cookers, salamander grill, microwave, convection oven, freestanding double door fridge with stainless steel top, ice machine, double sink and drainer, wash hand basin, 100ltr hotwater boiler.

Customer cloakroom with toilet and sink.

Stairs to lower gound floor in the region of 310 ft².

Tables and chairs seating 20 persons

Turnover

WE ARE INFORMED by the owner the turnover currently averages £600 p.w. growing

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

5 Day week
Tuesday - Saturday 7 p.m - 10 p.m
Closed Sunday and Monday

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 7 years in 2023 with review at 3½ years (next review 2025) at a current rent of £12,000 p.a.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £39,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote