Licensed Restaurant In Clapham For Sale

Business description

Located in sought after Restaurant area in Clapham which is a destination district for restaurants attracting trade from within and outside the area. Seating up to 100 covers with 218 covers on an exterior patio this business has an advised turnover of c£10,000 per week. Operated mainly under management with little owner daily input. Rent £55,000 pa.

Property information

Property:

Leasehold

Location:

Location
Close to Clapham Common in one of the most sought after areas for restaurants in London. This destination area attracts considerable trade from the immediate locality as well as surrounding districts. Many multiple chain restaurants nearby, eg Strada, Giraffe, Nandos.

Business
Currently trading as a Mexican Restaurant but is suitable for serving any type of cuisine. Established by the current owner for the past 2 years, prior to which the restaurant served English style food. During the short period this business has been operating it has built up a find reputation in the area with advised turnover of c£10,000 per week working on a gross profit of c65%.

The business is mainly operated under management with very little daily input from the owner. Staff wage bill approx. £2,500 per week.

Hours
7 days a week. Evenings only Monday to Friday. Lunch and Dinner Saturday and Sunday.

Premises
Corner Site, double lock up shop comprising Ground Floor and Basement with a frontage of Concertina doors opening onto an exterior raised patio benefiting from perimeter railings, covered with exterior canopy seating 18 covers at wood tables.

Ground Floor Interior: Well fitted with air conditioning, wood flooring, rough brick walls, seating 100 covers at tables and chairs with some bench seating.
Fully fitted bar with stainless steel frontage equipped with Espresso machine and built under fridges.
Rear seating area benefits from natural light from a sky-light with a further small seating area which intercommunicates with the main section. This space could be knocked through to the main eating area or retained for private parties.

Ground Floor measurements: Front 10m x 5m. Rear 6.4m x 6.4m. Rear Room 2.9m x 4.5m (All sizes are approximate).

Basement: Accessed via internal stairs leading to the kitchen and Ladies and Gent's cubicled cloakrooms.
The Ground Floor restaurant area is accessed via a dumb waiter (lift) to deliver food from the kitchen.

Kitchen: Fitted with tiled walls and flooring and equipped with charcoal grill, walk in cold store, 4 pot bain marie, 6 ring hob/oven, double fryer, built under stainless steel fridges, stainless steel extractor and wall cladding, stainless steel work tops, two double stainless steel sinks and large industrial dishwasher,

Tenure
Lease terms to be advised. Rent £55,000 per annum. Rates c£14,000 pa. Service Charge £10,000 pa (covers exterior decoration and insurances for building).