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A Successful Restaurant for sale in Elephant and Castlenila

Excellent Value £250,000

 London , SE17

 London , SE17
Excellent Value £250,000

Property description

Weekly Revenue Insights: With impressive annual sales figures totaling £481,000, this business enjoys an estimated weekly turnover of around £9,250.Business Rates: The monthly business rate is a manageable £400.Insurance Contribution: As a tenant, you will contribute to building insurance, which typically falls within the £1,500 to £2,000 range annually.Rent payable- The annual rent for the premises is £43,000The business has been running successfully for 5 yearsThere are 15 years remaining on the leaseTotal assets in the business is £200kExtensive Storage Solutions: This property boasts a spacious storage area, featuring multiple rooms and a cold room, as detailed in the provided floor plan—perfect for optimal inventory management.Convenient Parking: Customers will benefit from ample public parking facilities, enhancing visitor accessibility.Dedicated Staff: Our trained staff are ready and eager to stay on with the new owner, ensuring a seamless transition. The current owner is relocating to Dubai, which presents a unique opportunity for continuity in operations.Training will be provided.Healthy Net Profit: The reported net profit reflects a well-run operation, already accounting for staff wages and all operational costs, signifying a robust financial foundation for the new owner.

Tenure  : Leasehold

  • Length of Lease  :  15 Years

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Property Information

  • Reference number nila_1246771068
  • Property Type Restaurant
  • Furnishing Furnished
  • Tenure Leasehold
  • Current Occupant Vendor

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