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London Properties Are Pleased To Offer To The Market This Mediterranean Restaurant Established In June 2016 for Sale

Greenwich, London

Leasehold : £ 59,000
Turnover : £ 2,000 p.w.

London Properties are pleased to offer to the market this Mediterranean restaurant established in June 2016, its quality food and customer service, competitive prices and stylish premises have attracted much patronage and allowed the business to generate revenue in excess of £102,000. Such an eatery provides an exceptional platform for a first-time buyer or an experienced owner-operator looking to acquire a business in a prominent location. With little effort, the right buyer could leverage the business’ reputation and look to expand further. There exist a number of opportunities for growth. Internal viewings are highly recommended through London Properties by appointment.

LOCATION: The business occupies a prominent trading position on Sidcup Road and benefits from being located in a densely populated residential area. The business benefits from being located in a high footfall area with excellent road links into Central London and the surrounding area. The nearest station is New Eltham Railway Station. Also close by are local shops and trades & the Premier Inn.

DESCRIPTION: Fully refurbished A3 unit trading as a Mediterranean restaurant. Glass fronted trade space measuring with 40 covers, includes a well equipped trade kitchen and male & female WCs. With scope to increase turnover with additional marketing, lunch service and takeaway offering.

COVERS: There are 40 covers in total with seating to the centre and sides

BUSINESS: Established in June 2016, its quality food and customer service, competitive prices and stylish premises have attracted much patronage and allowed the business to generate revenue in excess of £102,000. Such an eatery provides an exceptional platform for a first-time buyer or an experienced owner-operator looking to acquire a business in a prominent location. With little effort, the right buyer could leverage the business’ reputation and look to expand further. There exist a number of opportunities for growth.

USES: A3 with alcohol license

PREMIUM: £59,000 for the benefit of the lease, fixtures & fittings.

RENTAL: £15,600 per annum

TERMS: 12½ years remaining

BUSINESS RATES: No business rates to pay.


SIZE: Approximately 963 sq ft

OPENING HOURS: Monday: Closed Tuesday: 6-10pm Wednesday: 6-10pm Thursday: 6-10pm Friday and Saturday: 5:30-11pm Sunday: 1-9pm

STAFF: Owner managed with 3 staff

TURNOVER: Current turnover in excess of £102,000 per annum

LEGAL COST: Each party to bear their own legal costs as well as the ingoing tenant to bear landlords legal costs

LOCAL AUTHORITY: Greenwich

ENEGRY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 77 - D Rating. A copy of this property’s energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file.

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT: A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT


VIEWINGS: Through London Properties by appointment only


Trading Hours: Monday: Closed Tuesday: 6-10pm Wednesday: 6-10pm Thursday: 6-10pm Friday and Saturday: 5:30-11pm Sunday: 1-9pm
 
Staffing: Owner managed with 3 staff
 
Accommodation: No
 
Tenure: 12½ years remaining
 
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70 Advert ID 48331    Sellers Ref : SE9 3NS/BSOL

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