Well equipped LICENSED RESTAURANT & BAR (Full On Licence)
Price:
Leasehold - £80,000
Location:
London, South London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED LICENSED RESTAURANT & BAR & DJ LICENCE. Tiled floor. Takeaway section with stainless steel extractor, charcoal grill, small deep fryer, small deep freeze.
RESTAURANT AREA with wall and ceiling lighting. Tables and chairs providing seating for 50 persons. BAR with 2 glass fronted counter fridges, computerised till, fridge.
Ladies' & gentlemen's cloakrooms
ENCLOSED REAR AREA providing a smoking area
FIRST FLOOR KITCHEN with tiled floor, stainless steel extractor, stainless steel cladding to walls, 1 deep fryer, 6-burner gas cooker with oven, 2 stainless steel fridges, 2 deep freezes etc.
Also situated on the first floor is 1 room used for storage purposes
WE ARE INFORMED the turnover averages £2,800/£3,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We are further advised that the wet sales account for approximately 60% of turnover with the balance in respect of catering). In addition there is a fruit machine which we understand provides a further revenue of approximately £1,500 per month.
We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £20,400 p.a. exclusive of rates for the next 5 years, with rent to be agreed thereafter.
Uniform Business Rates: £6,700 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, residential and commercial area, SE LONDON
11 a.m. - 5 a.m. seven days per week
Second floor
2 further large rooms
Bathroom with bath, w.c. and wash hand basin.
It will be appreciated upon inspection there is potential for the first and second floor to be utilized as living accommodation.
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