Fast Food Restaurants for sale in South London

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John Peacock (Feb 2017)
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Leasehold Price: £325,000 Weekly Turnover: £18,500
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Business Description
Outstanding opportunity to acquire a well fitted Restaurant catering for Greek, Turkish & Italian Food.

SPACIOUS SINGLE FRONTED RESTAURANT with wood effect stone tiled floor, part brickwork to walls, ceiling with inset spotlighting plus hanging lighting over the bar area. 2 air conditioning/heating units. 2 group coffee machine, coffee grinder, ice machine. Tables & chairs plus upholtered bench seating for approximately 60 persons.

Cloakroom with w.c. & wash hand basin

KITCHEN AT REAR with tiled walls, plus stainless steel cladding to walls, 6-burner gas cooker, 3-burner grill, double deep fryer, dishwasher, 2-deck pizza oven, commercial microwave oven, 2 sinks, wash hand basin etc.

Staff cloakroom with w.c. & wash hand basin

Situated in a parade, excellent trading position, near SW LONDON

• ACCOMMODATION INCLUDED

The accommodation comprises a SELF CONTAINED FLAT on the first floor, comprising:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge/Kitchen area

We understand the flat is let on a 2 years contract from the 24th February, 2018 & provides a rental income of £1,380 per month.

In addition situated on the first floor are 2 SELF CONTAINED BEDSITTING ROOMS each with shower room, with shower, w.c. & wash hand basin.

We understand the bedsitting rooms were refurbished last year & are currently let on shorthold tenancies providing a rental income of £600 per month each at the present time.

Turnover : £17,500/£20,000 p.w. in our opinion offering further potential to increase in the right ands. We are further advised that the sales year ending 31st October, 2016 showed £774,006 with a gross profit of £507,212 (before wages of £171,703.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £325,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Lease : £325,000 (R8377)

www.NationwideBusinesses.co.uk

Trading Hours:
8 a.m. - 10 p.m. (last orders) seven days per week

Number of Employees:
At present operated by 1 partner with the assistance of 6 full time plus 1 part time chefs plus 2 kitchen porters. Restaurant area 8 waiters/bar staff.
In our opinion with more active owners, the wage bill could be reduced.

Tenure: Leasehold

Number of bedrooms: 4

Accommodation Details:
The accommodation comprises a SELF CONTAINED FLAT on the first floor, comprising:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge/Kitchen area

We understand the flat is let on a 2 years contract from the 24th February, 2018 & provides a rental income of £1,380 per month.

In addition situated on the first floor are 2 SELF CONTAINED BEDSITTING ROOMS each with shower room, with shower, w.c. & wash hand basin.

We understand the bedsitting rooms were refurbished last year & are currently let on shorthold tenancies providing a rental income of £600 per month each at the present time.

Location Details:
Situated in a parade, excellent trading position, near SW LONDON

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

 
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R8377
Seller Reference:
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