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Restaurant in South London For Sale

Restaurant in South London For Sale
Restaurant in South London For Sale Buy a Restaurant in South London For Sale Sell a Restaurant in South London For Sale Restaurant in South London For Sale for Sale Restaurant in South London For Sale for Sale

Register to see map and to make an appointment Excellent main road trading position, SE LONDON

Turnover 7,000
Price 240,000

Features

Most Attractive & Spacious Licensed Restaurant

Previously operating as a Public House. The present owner has spent a considerable amount of capital refurbishing & newly equipping the premises in to a Licensed Restaurant approximately 8 years ago.

LISTED BUILDING

Car parking at rear for approximately 10 cars

Established as Nepalese & Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine if desired.

IMPRESSIVE & SPACIOUS LICENSED RESTAURANT with woodstrip floor. 6 air conditioning units. Front area with quality woodstrip floor. Rear restaurant area fully carpeted & with attractive beamed ceiling. In addition there is a customers' waiting area fully carpeted. Tables & chairs providing seating for 100 persons (can be increased). BAR with 1 hand pump, 1 double door glass fronted counter fridge, 1 single door glass fronted counter fridge.

Disabled cloakroom with w.c. & wash hand basin
Ladies' cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with 2 urinals, w.c. & wash hand basin

LEVEL KITCHEN with tiled floor, part tile walls, stainless steel extractor system. The equipment includes Tandoori oven, 6-burner gas cooker with oven, 2 2-door stainless steel counter fridges, 2 3-door stainless steel counter fridges, 3 microwave ovens, sink & drainer, dishwasher. In addition there is a walk-in coldroom & walk-in deep freezer.

BASEMENT ideal for storage purposes

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. including takeaway & delivery, in our opinion the restaurant offers terrific potential for further development in the right hands.

Staff

At present operated by the vendor plus in the restaurant area 2 full waiters plus 3 part time waiters/delivery persons. Kitchen area 2 chefs, 1 cook, 1 kitchen porter plus 1 part time kitchen staff.

Trading Hours

Monday - Friday inclusive - 4 p.m. - 11 p.m.
Saturday & Sunday - 12 noon - 11 p.m.

Accommodation

The accommodation comprises 2 FLATS:

Flat No. 1 with full gas fired central heating is at present let on a shorthold tenancy & provides a rental income of 1,400 per month, however we understand that vacant possession can be given on completion, if required. The FLAT comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Flat No. 2 comprises a STUDIO FLAT also let at present on a shorthold tenancy & providing a rental income of 700 per month, however we understand that vacant possession can be given on completion if required. The STUDIO FLAT comprises:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Living room/kitchen

Outside

Car parking at rear for approximately 10 cars

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a current rental of 60,000 p.a. plus VAT. We understand the rent is due for review and we are further advised that the rent reviews are every 5 years.

Uniform Business Rates: 14,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 240,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 120,000 (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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