Description

Established Romanian Restaurant for sale in South London

Property ID: RPS-23294

PROPERTY & BUSINESS SNAPSHOT

Type	Established Romanian Restaurant
Location	South London
Lease	Grant of new lease
Current Rent	£50,000 p.a. exclusive
Rent review	To be agreed
Floor area	Approx. 3,438 sq. ft
Covers	Circa 120 + 25 (outdoors) covers
Rateable value	52,000
Business rates payable	Circa £22,360 p.a.
Permitted use	Restaurant (Class E)
Annual Turnover	Circa £780,000
Ancillary	Gas, extraction, Licence & cold room
Premium	£125,000 (New lease, goodwill and FF&E)

LANDLORD’S REQUIREMENTS

Guarantor required (subject to references)
Rent deposit required (subject to references)
Other usual checks will be carried out

MAIN DETAILS

Fully Fitted Romanian restaurant in a prime location in South London
Ttown centre location with excellent visibility and passing trade
Ground floor is circa 3,438 sq. ft with 120 indoors and 25 outdoors covers
Large basement storage
Fully fitted commercial kitchen
Premises Licence & Cold room in place

THE BUSINESS & PREMISES

We have been informed that the business generates gross revenue of £15,000 per week (£780,000 per annum).
The premises is spread over approximately 3,438 sq. ft., with a seating capacity for up to 145 guests and benefits from a well-maintained and fully fitted commercial kitchen.

THE LOCATION

Town centre location in South London

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.