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Reference R8501

Restaurant & Bar in South London For Sale

Restaurant & Bar in South London For Sale
Restaurant & Bar in South London For Sale Buy a Restaurant & Bar in South London For Sale

Register to see map and to make an appointment Situated end of parade, excellent main road trading position, SE LONDON

Turnover 6,500
Price 120,000

Features

Licensed Bar & Restaurant

We understand the premises have a Full On Licence, licensed to midnight.

The Restaurant/Bar at present caters for burgers, steaks & cocktails & operates a weekend brunch service.

ATTRACTIVE FRONT (can be open front - weather permitting). Space on forecourt area for 8 tables & 16 chairs.

BAR/RESTAURANT with quality woodstrip floor. LARGE BAR with attractive tiled front, 2 hand pumps, computerised till. BAR with an additional 17 seats, 2 group coffee machine, coffee grinder. Tables & chairs providing seating for 24 persons (can be increased).

OPEN PLAN KITCHEN AREA with stainless steel extractor, strainless steel cladding to walls, Lincat griddle etc.

WASH-UP AREA with double sink & drainer, dishwasher, single door stainless steel deep freezer, single door stainless steel fridge.

Disabled/ladies' & gentlemen's cloakroom with w.c. & wash hand basin

Rear store with fridge & deep freezer

Turnover

WE ARE INFORMED the turnover is in the region of 6,500 p.w. We are advised the split of turnover is approximately 50% wet sales with the balance of 50% in respect of food sales. In our opinion the business offers tremendous potential for further development in the right hands.

Staff

At present operated by the vendor with the assistance of staff.

Trading Hours

Monday - Friday inclusive - 4 p.m. - 11 p.m. (the kitchen area opens at 5.30 p.m)
Saturday & Sunday the business opens from 10 a.m. - 11 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of 35,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 6,744 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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