Modern African Restaurant In South London For Sale

Description

This single-fronted commercial unit is presented behind electric security shutters and features an attractive interior finish, including wooden flooring and a suspended ceiling enhanced by pendant lighting and decorative chandeliers. The overall ambience is welcoming and well suited to a customer-facing hospitality operation.

The front-of-house layout includes a dedicated customer waiting area and a well-arranged dining space with tables and chairs accommodating approximately 40 covers. A bar counter is positioned for efficient service and is equipped with an electric cash register.

Customer facilities are well provided for, with two separate cloakrooms, each fitted with a toilet and wash hand basin, ensuring convenience during busy trading periods.

The kitchen is fully equipped for professional food production and benefits from a stainless steel extraction system. Cooking equipment includes a six-burner hob with oven beneath, an additional five-burner hob with oven, a grill, and two single-basket deep fat fryers. Further appliances comprise two microwaves, a heated holding cabinet, a 30-litre food mixer, and extensive refrigeration, including a triple-door freezer, a double-door upright fridge, and a triple-door under-counter fridge. The preparation area is completed with stainless steel worktables, a double sink, and drainer.

Location: The premises occupy an excellent trading position within a busy parade on a main road in South East London. The surrounding area is a balanced mix of residential housing, offices, and commercial units, supporting steady footfall throughout the day and evening.

Trading Performance: The owner advises that the business currently achieves an average turnover of approximately £2,400 per week, supported by an estimated gross profit margin of around 60 percent. These figures indicate a stable operation with scope for improvement through extended hours, menu development, or enhanced marketing.

Staffing: The operation is run by the owner, assisted by two full-time members of staff, providing a manageable staffing structure suitable for an owner-operator or small team.

Price: The business is offered at £74,500, to include the secure renewable lease, goodwill, fixtures, and fittings. Stock is to be taken at valuation in addition. A substantial loan may be available to approved applicants, making this an accessible opportunity for suitably qualified buyers.