| (REF: R1735) Well Equipped Licensed Restaurant |
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| Seller Reference: |
R1735 |
| B4S Reference: |
20234 |
| Asking Price: |
£80,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£104,000 |
| Number of Staff: |
3 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
South London, London, United Kingdom |
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Nationwide are pleased to offer to the market : At present Thai cuisine and Spanish Tapas, which could obviously be continued and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine if desired.
ATTRACTIVE SINGLE FRONTED RESTAURANT (can be partly open front - weather permitting). All refurbished approx. 3 years ago. Front section with ceramic tiled floor. Rear section with laminated strip floor. Ceiling with inset spotlighting. Tables and chairs providing seating for 35 persons (can be increased to accommodate 40 persons). Bar with tiled front, wooden top, 3 hand pumps, 2 group coffee machine, glass fronted counter fridge, sink and work surface.
Customers cloakroom with w.c. and wash hand basin
First floor kitchen with dumb waiter to the ground floor. The kitche is well equpped including stainless steel extractor unit, 3-burner Chinese cooker, 4-burner gas cooker, fridge, deep freeze, stainless steel tables, double sink and drainer.
WE ARE INFORMED the turnover averages £2,000/£2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 5½ years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 2½ years, with rent to be agreed thereafter. We further understand that the landlord will consider the surrender of the existing lease and the granting of a new 9 years lease at approximately £22,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £986 p.a. approx. (after small business relief)
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles plus attic double bedroom)
Bathroom with corner bath, shower over bath, w.c. and wash hand basin
Lounge
Small yard with storeroom |
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Location: |
Situated in a parade, busy road, residential area and close within 5 minutes walk of major Football Ground, LONDON SE |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Tuesday - Thursday inclusive - evenings only - 5 p.m. - 11 p.m.
Friday, Saturday & Sunday - 12 noon - 11 p.m.
CLOSED ALL DAY MONDAY |
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The Restaurant is at present operated by 1 of the partners with the assistance of 2 full time and 2 part time staff plus additional part time staff employed. |
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