Traditional Portuguese Restaurant in South East London

London, London
REF: INT1952

Asking Price:
£135,000
Annual Turnover:
£364,000
Annual Net Profit:
TBC
REF: INT1952
Photo of Traditional Portuguese Restaurant in South East London
Photo of Traditional Portuguese Restaurant in South East London
Photo of Traditional Portuguese Restaurant in South East London
Photo of Traditional Portuguese Restaurant in South East London

Overview

Tenure:
Leasehold
Established:
2002
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business

For sale is a reputable Portuguese restaurant situated in a prime location in Crystal Palace, London.

First established in 2002, customers can enjoy a wide range of traditional, mouth-watering dishes – including their signature steaks served on a hot stone and a large selection of Portuguese wines. Keen to ensure they cater for all, they also have a range of vegetarian and gluten-free menu items on offer.

Currently trading at both lunch and dinner time during the week, the current owner has taken full advantage of the high levels of passing trade this restaurant receives at peak times.

Renowned in the local area for its friendly and welcoming atmosphere, this business has built up a fantastic reputation. With countless positive reviews from happy customers, the restaurant boasts a 4.8-star rating on Google and an ‘Excellent’ rating on Tripadvisor.

The business also offers a takeaway and delivery option via Just Eat, allowing customers to enjoy their delicacies from the comfort of their own homes.

Available on a leasehold basis, rent is payable at a rate of £27,000 per annum and the current lease is set to expire in 2029.

The restaurant is situated in a busy area of Crystal Palace, nestled between a number of complementary businesses with plenty of footfall and passing trade. With limited competition in the local vicinity, customers can take advantage of the nearby car parking and excellent local transport links.

Diners are greeted by a glass-fronted building with clear, modern signage. From outside, you step directly into a tastefully decorated, welcoming dining area with space for up to 50 covers.

The business also benefits from a well-equipped, fully functioning kitchen. All of the relevant fixtures and fittings are to be included within the sale.

The current owner has advised they would be happy to offer a transitional period, should it be required.

This would be the perfect business for an experienced restauranteur in search of an opportunity with strong foundations and huge growth potential.

Currently offering takeaway and delivery services through Just Eat, a new owner may wish to expand on this further through adopting other third-party apps such as Deliveroo or Uber Eats. The business may also benefit from the development of its own website, allowing customers to make bookings and place orders directly.

Features

Key Information

  • Number of Covers: 50
  • Delivery Services: Just Eat
  • Hygiene Rating: 4

Reputation

  • Google: 4.5
  • TripAdvisor: Excellent

Online Presence

  • Facebook: Yes
  • Twitter: Yes
  • Instagram: Yes

Location

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  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links
  • Limited Competition

Property

Annual Rent
£27,000
Annual Rates
TBC
Lease Term (Years)
9
Lease Expiry (Year)
2029
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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