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Restaurant & Wine Bar in South London For Sale

Restaurant & Wine Bar in South London For Sale
Restaurant & Wine Bar in South London For Sale Buy a Restaurant & Wine Bar in South London For Sale Sell a Restaurant & Wine Bar in South London For Sale Restaurant & Wine Bar in South London For Sale for Sale Restaurant & Wine Bar in South London For Sale for Sale Restaurant & Wine Bar in South London For Sale for Sale Restaurant & Wine Bar in South London For Sale for Sale Restaurant & Wine Bar in South London For Sale for Sale Restaurant & Wine Bar in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, wealthy residential, office and commercial area, SW LONDON

Turnover 7,000
Price 145,000

Features

Impressive Restaurant & Bar

6 DAYS OPENING

Alfresco dining for 16 persons

IMPRESSIVE DOUBLE FRONTED PREMISES, (total sale area 925 sq ft approx). Feature awning and sliding doors. Plasterboard ceiling with pendant and track lights, wooden floor. Hi fi system. Tables and chairs for 40 persons. Counter with bar stools. 1 pump, cash register, 2 sliding door under-counter fridges, wine fridge, ice machine, glasswasher, 2 group coffee machine, grinder, knock out drawer. CCTV 4 cameras.

OPEN PLAN KITCHEN. Industrial non slip floor, spotlights. Stainless steel extractor system with canopy. Steam dryer oven, 8-burner gas hob, chip fryer, double door full height fridge, single door fridge, under-counter fridges, chest freezers, stainless steel work serfaces, double sink and drainer, dish washer, wash hand basin.

Sairs to basement.

Store room.

Office.

Ladies' cloakroom with w.c. wash hand basin mirror
Gentlemen's cloakroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages 7,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by 2 partners plus 4 full time staff employed with the assistance of 2 part time staff. We are informed the wage bill averages 1,750p.w. approx.

Trading Hours

6 Day week
TUESDAY- FRIDAY 4 pm - 11 pm
SATURDAY 12 noon - 11pm
SUNDAY 12 noon - 6 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of 40,000, with rent review thereafter.

Business Rates from April 2021 4,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS 145,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 72,500 (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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