South London,London,UK, ID 139738
This well-positioned single-fronted premises, spanning approximately 700 sq ft, offers a fully air-conditioned environment with modern finishes, including electric shutters, carpeted flooring, and a plasterboard ceiling fitted with spotlights. The layout includes a comfortable customer waiting area with seating for 28 covers. The bar area is equipped with an electric cash register, a freestanding fridge, and a wash hand basin for customer convenience. The facility also features separate cloakrooms for ladies and gentlemen, each with a WC and wash hand basin.
The kitchen is fully equipped with high-quality, commercial-grade appliances, including a stainless steel extractor, a tandoori oven, an eight-burner gas hob, a bain-marie, a plate warmer, and a microwave. The kitchen also offers stainless steel preparation tables, two upright fridges, a chest freezer, and a double sink and drainer, ensuring smooth and efficient food preparation. A separate store room is also available for additional storage.
There is considerable potential for the business, as the premises offer an opportunity to extend the space to the rear, subject to securing the necessary planning permissions.
Location: The property is situated within a highly desirable residential area of South East London, offering a prime trading position in a terraced property. This ensures a steady flow of foot traffic, particularly from local residents.
Financial Performance: The current turnover averages between £5,500 and £6,000 per week, with a gross profit margin of approximately 65%. The business holds a premises licence, although alcohol is not currently offered. When alcohol was previously sold, turnover reached up to £8,000 per week, providing a clear opportunity for growth by reintroducing alcoholic beverages into the offering.
Staffing:The business is operated by the owner with the support of five full-time and three part-time staff members. The wage bill is reported to be approximately £1,750 per week, which reflects the staffing requirements for smooth daily operations.
Price:The asking price is £95,000, which includes goodwill, fixtures, and fittings, with stock to be valued separately. For qualified buyers, a substantial loan option may be available, offering an attractive opportunity to acquire an established and profitable business.
