| (REF: R3001) Attractive & Spacious Licensed Restaurant |
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| Seller Reference: |
R3001 |
| B4S Reference: |
30453 |
| Asking Price: |
£89,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£234,000 |
| 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 Restauarant all refurbished and new fitted approximately 2 years ago. Trading as Thai cuisine which could obviously be continued and in view of the excellent main road trading position there is potential for other types of cuisine, if desired.
Front area with space for 2 tables and 4 chairs to -
ATTRACTIVE SPACIOUS DOUBLE FRONTED RESTAURANT with quality woodstrip floor, ceiling with inset spotlighting. Tables and chairs providing seating for 50 persons. New BAR, 2 double door glass fronted counter fridges, ice machine, sink, computerised till.
Ladies cloakroom with w.c. and wash hand basin
Gentlemens cloakroom with w.c. and wash hand basin
LEVEL KITCHEN newly fitted approximately 2 years ago, non-slip floor. The equipment includes 5-burner Chinese cooker, 3 stainless steel tables, 2 stainless steel fridges, 1 stainless steel deep freeze, 2 upright deep freezes, 1 double sink and drainer, 1 single sink and drainer etc.
STAIRS TO SPACIOUS BASEMENT AREA with separate fire exit. In our opinion the basement has potential for development as an additional catering area, possibly a wine bar.
WE ARE INFORMED the turnover averages £4,000/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease having 18 years unexpired from January, 2012 at a rental of £32,000 p.a. exclusive of rates up to January, 2015 with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £17,000 p.a. approx. (under appeal)
£2,000 service charge is payable.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 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 in a parade, excellent 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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12 noon - 11 p.m. seven days per week |
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The restaurant is at present operated by the vendors on a part time basis with the assistance of 2 full time chefs, 1 part time washer-up plus an additional part time staff in the restaurant area. |
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