Forest Hill London Italian Restaurant with Large Beer Garden For Sale
Forest Hill, London
- Status
FOR SALE
- Date Submitted:
05/07/23
- Advert ID
516151
- Leasehold: £195,000 (Stock at valuation)
- Rent: £24,000
- Turnover: On request
- Net Profit: On request
Key Features
- High Turnover
- Offers Invited
- Potential for Alternative Use
- Large Business for Sale
- Established Business
- With Car Park
- Fully Fitted
- Company for Sale
- Attractive Business
- Close to Local Amenities
- Prime Location
Business Details
Italian Restaurant for sale in Forest hill, South East London
Attractive Licensed Italian Restaurantwith LARGE Beer garden at rear Full On Licence
At present operated as succes Italian cuisine, which could obviously be continued & in our opinion there is potential for other types of cusine, if desired.
Front ouside area with space for 2 tables & 4 chairs
FULL GAS FIRED CENTRAL HEATING
GROUND FLOOR front bar area with bar,14 seats - 4 tables, 2 hand pumps, 2 door glass fronted counter fridge, coffee machine, coffee grinder.
GROUND FLOOR RESTAURANT with laminated strip floor. Tables & chairs providing seating for 46 persons (can be increased to accommodate approximately 56 persons).
OPEN PLAN KITCHEN with tiled floor,last generation large pizza oven, big gas cooker, dough mixer, 5 fridges, double sink & drainer etc.
Mezzanine floor ~ Ideal for PRIVATE FUNCTIONS or ADDITIONAL RESTAURANT AREA with laminated floor. Tables & chairs for 18 persons (can be increased to 24 persons).
Ladies' & gentlemen's cloakrooms with w.c. & wash hand basin
Turnover
WE UNDERSTAND THE VENDOR ENJOYS A GOOD TURNOVER, FULL DETAILS WILL BE DISCUSSED UPON INSPECTION.
Staff
At present operated by a husband & wife and 4 more members of staff team
Trading Hours
CLOSED ALL DAY MONDAY
Tuesday - Friday inclusive - 5 p.m. - 10 p.m.
Saturday & Sunday 12 noon - 10 p.m.
We are further advised that the business closes for 2 weeks over the Christmas period & a further 2 weeks in the summertime.
Outside
Busy Large Beer Garden with a totals seats of 90 people, rear total seating for 60 people. Substantial covered area with woodstrip floor. Tables & chairs for 30 persons. Outdoor Bar get the feeling that you somewhere abroad with 2 hand pumps, double door glass fronted fridge, glasses ....
a very plus is 2 Garages used for storage purposes
Tenure
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a current rental of £24,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.
Uniform Business Rates: Nil payable after small business relief
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
** N.B. Please note the purchaser is be responsible for all solicitors' costs **
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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