Restaurants for sale in City of London

View the "Authentic Caribbean Restaurant & Takeaway" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ahmed Zahir (August 2016)
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Leasehold Price: £46,995 Price Reduced Turnover: £120,000 Gross Profit: £84,000
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Business Description
BUSINESS
Hilton Smythe are delighted to offer to the market Jerk Night, a Caribbean restaurant and takeaway established by our client in 2013. Now offered to the market due to the other business interests our client now needs to concentrate on.

Our client spent over £60,000 transforming the unit from a laundrette business into a fully equipment restaurant with A3 use including an alcohol license.

The menu includes starters of Caribbean crisps, prawn skewers, soups and chicken skewers. Mains include quarter and half jerk chicken, small and large jerk pork cooked on a traditional ‘jerk pan’ fresh to order. Sides include chips, breads, rice, mac n cheese, gravy jerk sauce, rice and peas, fried dumplings and fried plantain. There is also a selection of salads, meal deals, daily specials, weekend meal specials, desserts and kid’s meals.

Currently 90% of trade is takeaway with just 10% sit down customer trade; however, increasing the number of birthday parties and special gatherings could help increase larger restaurant bookings.

Licensed till 2am.

Handover offered and priced to sell quickly.

LOCATION
Jerk Night is situated in the busy Sydenham Road in Sydenham, London.

Sydenham is a district within the south east of London boroughs of Lewisham, Bromley and Southwark.

There is a large selection of takeaways, restaurants and bars in the area and the close proximity to the main line station makes the area very popular with commuters and families.

There is free parking in the neighbouring street and meter parking on the high street. The area is accessed via the A212 which links to the south circular to Brixton and central London. To the south sits Crystal Palace, Beckenham, Bromley and Croydon.

PREMISES
The property is circa 65m2.

Dining area -

12 x tables, 30 seating.

Customer toilet

Dining area equipment-

L-shaped counter including large extraction unit

2 x jerk pans

Double fryer

Bain Marie

Till and card machine

Spirits and wine shelving

Glass under counter drinks chiller

Kitchen equipment-

6 x gas burner ovens

Large extraction unit

Double stainless-steel steamer cupboard

Upright fridge freezer

2 x microwaves

3 x stainless steel preparation tables

Double stainless-steel preparation sinks

Hand wash sink

Foster double stainless steel upright fridge

Chest freezer

2 x blenders

Warming cupboard

Dry store with shelving

Boiler

Rear area includes - staff room, staff toilet and additional store room with shelving.

TENURE
The business is being sold as leasehold.

Original lease length: 23 years.

18 years remain on the lease as of 2017.

Rent £12,000 per annum.

Zero rates payable.

HOURS
Monday: Closed

Tuesday: 4pm - 11pm

Wednesday: 4pm - 8.30pm

Thursday: 4pm – 12am

Friday and Saturday: 4pm – 12am

Sunday: 4pm – 10pm

STAFF
Owner run with the help of a full-time driver, part time driver, 3 x part time counter staff and 1 x owner chef and part time chef at weekends.

FINANCIAL PROFILE
2017 accounts show a turnover of £120,000, with a gross profit of 70%.


Tenure: Leasehold

Listed by: Hilton Smythe
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