| (REF: R1992) Attractive And Spacious Licensed Restaurant |
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| Seller Reference: |
R1992 |
| B4S Reference: |
20249 |
| Asking Price: |
£79,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£312,000 |
| Number of Staff: |
5 |
| 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, 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.
SPACIOUS DOUBLE FRONTED RESTAURANT with woodstrip floor, ceiling with inset spotlighting. Tables and chairs providing seating for 44 persons (can be increased to 50 persons, if desired). Dispense bar, 3 door glass fronted counter fridge, glasswasher, ice machine, 1 small fridge, 1 small deep freeze, sink etc.
Stairs to basement
Ladies cloakroom with 2 w.cs, wash hand basin
Gentlemens cloakroom with w.c. urinal, wash hand basin
Large commercial kitchen with dumb waiter to ground floor restaurant. The kitchen has a non-slip floor and is well equipped including 5-burner Chinese cooker, stainless steel extractor unit, 2 domestic microwave ovens, dishwasher, double sink and drainer, additional sink, wash hand basin, walk-in coldroom, walk-in deep freeze etc.
Staff cloakroom
WE ARE INFORMED the turnover currently averages £6,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours.
We understand the entire premises are held on a secure renewable lease, the present lease expiring on the 24th March, 2027 at a current rental of £35,000 p.a. exclusive of rates with rent reviews every 5 years.
Uniform Business Rates: £4,900 p.a. approx. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 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 in the form of a SELF CONTAINED MAISONETTE over, comprises:
5 Bedrooms (2 doubles, 3 singles)
Shower room with shower, w.c. and wash hand basin
Kitchen
The majority of the accommodation is at present utilized by the vendor with her staff, however, 1 room is at present let and provides a rental income of £65 per week.
Yard at rear |
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Location: |
Situated in a parade, excellent main road trading position, 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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6 evenings per week - 6 p.m. - 11 p.m.
In addition the Restaurant opens on Saturday & Sunday at lunch time from 12 noon - 3 p.m.
CLOSED MONDAY EVENING |
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The Restaurant is at present operated by a lady vendor with the assistance of 2 full time and 3 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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