Restaurants for sale in London

View the "American Style Restaurant With Great Reviews" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £115,000 Turnover: £183,155 Gross Profit: £90,977
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Business Description
Business
Hilton Smythe welcomes to the market Stagolee's.

Stagolee’s is an American restaurant with whisky focused drinks, and a vibe imported from Texas and Nashville, offering traditional American cuisine which includes :

• Fried chicken
• Hash browns
• Waffled french toasts
• Pancakes
• Key lime pie
• Donuts

Stagolee's boasts fantastic reviews on social sites such as:

4.6 stars out of 5 - 111 reviews Google
5 stars out of 5 - 16 reviews Yelp
4.5 stars out of 5 - 41 reviews Trip Advisor

Scope to Improve;

• New advertising and marketing campaign
• Maximise the use of social media
• Explore online discounters such as Wowcher and Groupon

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Stagolee's is located along North End Road in Fulham. The premises is situated on a busy road which allows excellent visibility to passing traffic.

Fulham is an area of the London Borough of Hammersmith and Fulham in South West London.

It lies on the north bank of the River Thames, between Hammersmith and Kensington and Chelsea, facing Wandsworth, Putney and the Barn Elms part of Barnes.

Fulham is considered a prime London area consisting of two football clubs, Fulham and Chelsea (Chelsea play in Fulham), two exclusive sporting clubs, the Hurlingham Club known for polo and the Queen's tennis club known for its annual pre-Wimbledon tennis tournament.

Stagolee’s is ideally and prominently situated amongst a parade of other complementary businesses such as a high street bank, health store and a bookmaker.

Customers also benefit from convenient metered street parking close to the restaurant.

The nearest train station is Fulham Broadway which is 0.2 miles away which is an Underground station on the Wimbledon branch of the District line. It is between West Brompton and Parsons Green stations and is in Travelcard Zone 2

Premises
Stagolee's is located on the ground floor of a 4 storey building.

A fun bright exterior with full length windows and glazed doors to the front which creates a light, airy and inviting interior.

As you enter the premises you are greeted with the seating area to your left which carries on to the rear of the premises, the bar is to the right which houses the drinks selection, till system and coffee maker.

To the rear on the left-hand side is a doorway which leads to the kitchen, where you will find all the kitchen equipment including the oven, fridges and microwave.

Equipment includes:

• Till system
• Tables
• Chairs
• Coffee machine
• CCTV
• Oven
• Dishwasher
• Fridges
• Freezers
• Microwave

Tenure
We are advised that Stagolee's is being offered a Leasehold business with an impressive 21 years remaining from the original 25 years Lease.

The rent is £25,000 per annum

We are advised that the business rates currently payable are £12,000 per annum

Hours
Tuesday-Thursday: 5.30 pm - 10.00 pm
Friday: 5.30 pm - 10.00 pm
Saturday: 11.00 am - 11.00 pm
Sunday: 11.00 am - 8.00 pm

*Please note that the owner has recently decided to shut the business so is not open at present*

Staff
The business is managed and run by the current owner with the help of 4 full-time and 2 part-time members of staff

Financial Profile
Stagolee's generates an advised estimated turnover of £183,115 per annum with an advised estimated £90,977 gross profit.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04527
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