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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Situated in a parade, excellent main road trading position, LONDON (Please register to make appointments and view addresses)

Outstanding opportunity to acquire a well fitted Licensed Restaurant, at present Indian cuisine, which could obviously be continued. In our opinion in view of the excellent main road trading position there is potential for other types of cuisine, if desired.

SPACIOUS SINGLE FRONTED LICENSED RESTAURANT with canopy (can be open front - weather permitting). Laminated strip floor, ceiling and wall lighting, air conditioning. Tables and chairs providing seating for 46 persons. Bar with hand pump, sink etc.

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Level kitchen with non-slip floor. The equipment includes Tandoori oven, 8 burner gas cooker with double oven, stainless steel tables, 1 microwave oven, 1 stainless steel fridge, 1 additional fridge, 1 wine fridge.

Basement with 2 chest deep freezes plus 1 upright deep freeze, 1 ice machine.

WE ARE INFORMED the turnover averages £3,000/£3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

The business is at present operated by the vendor with the assistance of 4 full time staff.

Sunday - Thursday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 2.30 p.m. & 6 p.m. - 12 midnight

We understand the premises are held on a secure renewable lease having approximately 14 years unexpired at a rental of £28,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £8,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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