Restaurants for sale in South London

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  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: £170,000 Weekly Turnover: £6,500
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Business Description
We understand the premises have a Full On Licence, licensed to midnight.

The Restaurant/Bar at present caters for burgers, steaks & cocktails & operates a weekend brunch service.

ATTRACTIVE FRONT (can be open front - weather permitting). Space on forecourt area for 8 tables & 16 chairs.

BAR/RESTAURANT with quality woodstrip floor. LARGE BAR with attractive tiled front, 2 hand pumps, computerised till. BAR with an additional 17 seats, 2 group coffee machine, coffee grinder. Tables & chairs providing seating for 24 persons (can be increased).

OPEN PLAN KITCHEN AREA with stainless steel extractor, strainless steel cladding to walls, Lincat griddle etc.

WASH-UP AREA with double sink & drainer, dishwasher, single door stainless steel deep freezer, single door stainless steel fridge.

Disabled/ladies' & gentlemen's cloakroom with w.c. & wash hand basin

Rear store with fridge & deep freezer

Situated end of parade, excellent main road trading position, SE LONDON

Turnover : WE ARE INFORMED the turnover is in the region of £6,500 p.w. We are advised the split of turnover is approximately 50% wet sales with the balance of 50% in respect of food sales. In our opinion the business offers tremendous potential for further development in the right hands.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 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 : £170,000 (R8501)

www.NationwideBusinesses.co.uk

Trading Hours:
Monday - Friday inclusive - 4 p.m. - 11 p.m. (the kitchen area opens at 5.30 p.m)
Saturday & Sunday the business opens from 10 a.m. - 11 p.m.

Number of Employees:
At present operated by the vendor with the assistance of staff.

Tenure: Leasehold

Location Details:
Situated end of parade, excellent main road trading position, SE LONDON

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

 
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R8501
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