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Reference R8960

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

Register to see map and to make an appointment Situated in a parade of shops, busy road, commercial & residential area SE LONDON

Turnover 1,600
Price 75,000

Features

Most Attractive Licensed Restaurant

The business has been in the same hands since 1989 & is now solely offered for sale due to retirement.

At present catering for steaks, chicken & fish dishes. In our opinion the restaurant offers terrific potential for development

Electric shutters to SPACIOUS SINGLE FRONTED RESTAURANT with tinted glass, tiled floor, ceiling lighting, decorative plates on walls (some of which will be removed as they have sentimental value). 3 air conditioning units. Tables & chairs providing seating for 52 persons. LARGE BAR/SERVERY with stainless steel top, 2 3-door stainless steel counter fridges, small glass fronted wine fridge, 2 group coffee machine, coffee grinder, char grill, flat electric grill, double sink & drainer, dishwasher.

Stockroom with 2 chest deep freezers, 1 upright fridge/freezer

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 1,600 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor who is a chef with the assistance of his wife plus 1 part time staff.

Trading Hours

Tuesday - Saturday inclusive - 7 p.m. - 10 p.m.
THE BUSINESS IS CLOSED ON SUNDAY & MONDAY.
The restaurant is also closed we understand for 3 weeks over the Christmas period & a further 3 weeks in the summer months.

Tenure

We understasnd the landlord, subject to satisfactory references, is prepared to grant a new 12 years full repairing and insuring lease at a rental of 14,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present after small business relief

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 1989 AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 75,000 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 37,500 (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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