Restaurant for Sale in Raynes Park London

Description

PROOF OF FUNDS REQUIRED: All interested buyers must provide proof of funds prior to arranging any viewing.MAIN FEATURESQuick sale opportunityTotal area: approximately 883 sq. ft50-cover restaurant with outdoor seating for up to 10 guestsLocated in a busy suburb near WimbledonOwners parking space includedLEASE DETAILSLease expiry: 26th May 2031Annual rent: £20,000Rent review cycle: every 5 yearsNext rent review: May 2026Premium: £119,000 plus SAV (goodwill, lease, fixtures, fittings & equipment)LOCATIONRaynes Park, SW20Busy suburban area within the Wimbledon catchmentPREMISESRateable value: £14,000Business rates payable: approximately £4,680Internal area: approximately 883 sq. ftExternal storage available at £130 per month (circa 157 sq. ft)Seating capacity: 50 indoors, 10 outdoorsOwners parking space includedOpening Hours:Tuesday-Saturday: 12:00pm-10:00pmSunday: 10:00am-10:00pmMonday: closedPermitted hours: 11:00am-12:00amBUSINESSReported gross annual revenue: approximately £364,000 (£7,000 per week)Operated by owner plus 3 full-time staffKITCHEN FIXTURES & FITTINGSWalk-in fridge x1Walk-in freezer x1Dishwasher x1Microwave x1Mezze fridge x1RESTAURANT EQUIPMENTOpen-plan kitchen with extraction systemCharcoal grill x16-burner cooker x1Fryer x1Prep fridges (single, double and triple door units)Air conditioningTwo televisionsTables and chairsBAR AREADrinks fridges x4Ice machine and ice crusherJuice machineTurkish tea kettleCocktail sinks x2Draught beer taps x2Music systemCCTVVIEWINGS & CONFIDENTIALITYAll interested parties are required to provide proof of funds before viewing.A non-disclosure agreement is required prior to release of further information.