Well fitted Restaurant and Cocktail Lounge in South London For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, SE LONDON

Turnover £ 27,000
Price £350,000

Features

Well Fitted Restaurant & Cocktail Lounge

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 10 PEOPLE

DOUBLE FRONTED RESTAURANT in the region of 2,850 ft² with Kardean flooring, spot lights, hanging lights, 5 x Air conditioning with hot air. Bar with EPOS till, under counter drinks display fridge (glass fronted upright double-door), soft drink machine, glass washer, ice machine, CCTV system (16 cameras, 1 monitor).

Tables and chairs providing seating for 180 People.

Open plan kitchen area, 3 x stainless steel extractor unit, 1 freshair system, 5 meter charcoal grill, flat top griddle, charcoal grill (gas), Cooker (Gas 6-burner), clay oven pizza cachine, 6 under counter fridgeds, freezer, Coffee Machine, 2 x dishwasher.

2 x Walkin coldroom
2 x Walkin freezer room.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £27,000 p.w. with a Gross profit of 65% approx. (£9,000 via portals)

Staff

The business is at present operated by 7 full time & 4 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10pm

Accommodation

2 STUDIO FLATS at present let on a shorthold tenancy providing a rental income of £1,400 per month . The accommodation comprises:

1 Large bedsitting room.
Kitchen / Diner
Shower room with shower, w.c. and wash hand basin.

Outside

Parking space for 3 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2015 with reviews every 5 years (next review 2030) at a current rent of £75,000 p.a.

Business Rates from April 2026 £20,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote