Well Equipped Licensed Restaurant & Bar Off Licence For Sale

Business description

SPACIOUS DOUBLE FRONTED LICENSED RESTAURANT & BAR & DJ LICENCE. Tiled floor. Takeaway section with stainless steel extractor, charcoal grill, small deep fryer, small deep freeze.

RESTAURANT AREA with wall and ceiling lighting. Tables and chairs providing seating for 50 persons. BAR with 2 glass fronted counter fridges, computerised till, fridge.

Ladies' & gentlemen's cloakrooms

ENCLOSED REAR AREA providing a smoking area

FIRST FLOOR KITCHEN with tiled floor, stainless steel extractor, stainless steel cladding to walls, 1 deep fryer, 6-burner gas cooker with oven, 2 stainless steel fridges, 2 deep freezes etc.

Also situated on the first floor is 1 room used for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £20,400 p.a. exclusive of rates for the next 5 years, with rent to be agreed thereafter.

Uniform Business Rates: £6,700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, main road trading position, residential and commercial area, SE LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,800/£3,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We are further advised that the wet sales account for approximately 60% of turnover with the balance in respect of catering). In addition there is a fruit machine which we understand provides a further revenue of approximately £1,500 per month.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

11 a.m. - 5 a.m. seven days per week

Employees:

The business is at present operated by the vendor at weekends with the assistance of family help plus 2 full time staff. In addition 2 doormen at weekends.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance