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Established Restaurant In South West London For Sale

Balham, London, UK
Asking Price:
£170,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

An outstanding opportunity to purchase a fully licensed, recently opened family-run restaurant located on a busy main road in a predominantly residential area. Over the past two years the restaurant has quickly built up a thriving customer base and a good reputation. The business is in a strong financial position with no debt or dispute outstanding. The surrounding area is experiencing exponential growth, making this a superb opportunity for the right buyer to drive the business to the next level.

The restaurant has up to 60 covers capacity and includes a fully equipped commercial kitchen to serve freshly made hot meals, alongside a well-stocked bar. All equipment and items are contained in the sale, including but not limited to fridges and freezers, cooker, oven, grill, fryers, dishwashers, microwave, tables and chairs, till and even the cutlery, crockery, most of which were new and purchased outright when the restaurant opened. This is to allow any new owner to continue running the business smoothly.

The restaurant has large street facing windows allowing plenty of light into the premise. There is also some outside space to allow al fresco dinning. Currently the restaurant is open throughout lunch and dinner from Wednesday to Monday. The business is for sale on a leasehold basis (new lease).

*Location: Busy High Street in SW London
*Key Features:
- Spacious Restaurant, elegant and stylish décor, fully fitted with modern F&F
- Affluent Suburban Area
- Unique Cuisine using Fresh Food
- Fantastic Testimonials Online
- Busy High Street in popular London Borough
• Tenure: Leasehold
• Price £170,000
• Renewable new lease
• Size 1,350 sq. ft. including basement storge and toilets
• Rent £30,000 pa
• Opening times: Wednesday to Monday 3pm-10:00pm
• Five minutes walk from Balham station
• Fronts busy main road A24

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

Renewable new lease

Leasehold Rent:

£30,000 per annum

Location:

Busy High Street in popular London Borough.

Premises Details:

The restaurant has up to 60 covers capacity and includes a fully equipped commercial kitchen to serve freshly made hot meals, alongside a well-stocked bar. The restaurant has large street facing windows allowing plenty of light into the premise. There is also some outside space to allow al fresco dinning. Size 1,350 sq. ft. including basement storage and toilets

Size in square feet:
1,350
Planning Consent:

A3

Business Operation

Expansion Potential:

The surrounding area is experiencing exponential growth, making this a superb opportunity for the right buyer to drive the business to the next level.

Competition / Market:

This is a thriving area with a number of eateries nearby serving a variety of cuisines.

Reasons for selling:

Owner's deteriorating health

Trading hours:

Wednesday to Monday 3pm-10:00pm

Employees:
3
Years established:
2019

Other Information

Support & training:

The current owner can stay onboard and provide support and training if required.

Furniture / Fixtures value:
£80,000 - included in the asking price
Inventory / Stock value:
£10,000 - included in the asking price
Website:
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