Established Restaurant with Late-Night License for Sale in Balham, London
Balham, London
- Status
FOR SALE
- Date Submitted:
16/09/23
- Advert ID
599655
- Leasehold: £150,000 (Stock at valuation)
- Rent: £30,000
- Turnover: On request
- Net Profit: On request
Key Features
- Small Business
- Retirement Sale
- Attractive Business
- Potential for Alternative Use
- Accounts Available
- Central Position in Affluent Village
- Close to Local Amenities
- Established Business
- Prime Location
- New Lease
- Town Centre location
- Adjacent to Multiple Retailers
- Offers Invited
- Fully Fitted
Business Details
Turnkey Restaurant for sale in Balham Newly Refurbished
*Amazing potential to increase turnover as we have a late night license and can operate if desired to expand menu to serve breakfast, lunch and dinner.
*Minutes from the Balham Tube station and at the heart of Balham Highstreet.
*Long established business known in the area for over 30 years.
*Just recently refurbished to an amazing standard which can easily be modified to a different cuisine type.
*Good online presence built up this year along with a fast growing delivery service with key players including just eat, uber and deliveroo.
*Good mix of Eat In and Takeaway.
*Yearly Lease rent is negotiable.
*Large area as restaurant is made up of two floors with main kitchen and office in basement and customer and grill kitchen upstairs.
*Good mix of businesses locally including shops, supermarkets and food establishments which helps with footfall and passing trade.
5-star rated beautiful licensed restaurant which is made up of two floors with a total floor space of over 1700 sqft—recently refurbished to a very high standard. You can continue the well-known Balham brand or you can rename with your own and very easily modify the existing décor to suit your needs. Located on the main Balham High Road five minutes from the tube. The business has a great reputation, and custom is regular not only from Balham but other areas too including neighboring Tooting, Stratham and Clapham as the business has been established for over 20 years. You have up to 50 covers and plenty of preparation and cooking areas both upstairs and downstairs. We will consider reasonable offers on the price so if your are interested then arrange an appointment to view the property and you can discuss further.
This is a leasehold not a freehold purchase. Rent is negotiable but will be around £30k pa and a brand new lease will be given. Rates are approx 3k this year and the area is currently undergoing proposals by the council for a new night time stratergy to boost restaurants, bars and pubs trade in the area. Massive potential for further growth!
This is purely a retirement sale due to health reasons and the business is profitable right now even on our reduced hours and will be even more so again once back to fulltime seven day a week trading. Easily can make 6-7k a week if not more. We have accounts available on Companies House to view to see trading history.
For more information, please contact us by using the form below or visit us in person we are on the main Balham High Road opposite Nando’s.
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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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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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