| (REF: R8932) Spacious Licensed Restaurant & Bar (Full On & Off Licence Held) |
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| Seller Reference: |
R8932 |
| B4S Reference: |
21681 |
| Asking Price: |
£95,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£156,000 |
| Number of Staff: |
Send enquiry for more details. |
| 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 : Outstanding opportunity to acquire a spacious Licensed Restaurant/Bar specialising at present in seafood and steaks etc.
Front area with canopy, wooden floor. Space for tables and chairs for approx. 30 persons.
SPACIOUS RESTAURANT/BAR with wooden floor. Full Gas Fired Central Heating. Tables and chairs providing seating for 50/60 persons. Wooden Bar with bar stools, 1 hand pump, glasswasher, sink, small wine fridge, 2 double door glass fronted counter fridges, 2 group coffee machine etc.
Ladies cloakroom with 2 w.cs, wash hand basin
Gentlemens cloakroom with 2 w.cs, wash hand basin
Level kitchen. The equipment includes 6-burner gas cooker, salamander, double deep fryer, 2 commercial microwave ovens, 1 upright deep freeze, 1 chest deep freeze, fridge, double sink and drainer etc.
WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx. We are further advised that the split of turnover is approx. 50% catering with the balance of 50% in respect of wet sales.
We understand the premises are held on a two separate leases, both having approxinately 19 years unexpired at an overall rental of £21,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £5,000 p.a. approx. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated end of parade, main road trading position, LONDON, SW |
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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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Monday - Thursday inclusive - 6 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 1 a.m.
Sunday - 1.30 p.m. - 10.30 p.m. |
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The business is at present operated by a husband and wife team with the assistance of 1 full time and 5 part time staff. |
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