Licensed Indian Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, densely populated residential & commercial area, SW LONDON

Turnover £ 8,000
Price £89,950

Features

Licensed Indian Restaurant & Takeaway

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 735 ft². Air conditioning with hot air. Tiled floor, ceiling with spotlights. Tables and chairs providing seating for 36 persons. Bar, EPOS till, CCTV system (5 cameras, 1 monitor).

Walk-in coldroom

KITCHEN. Stainless steel extractor unit, Tandoori oven, 9-burner gas cooker, deep fryer, hotplate, 1 fridge, 3 freezers, microwave, preparation tables, double sink and drainer.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx. (60% DELIVERIES)

Staff

The business is at present operated by the vendor with 6 full time staff plus 2 drivers.

Trading Hours

7 Day week
MONDAY - SATURDAY 5 p.m - 11.30 p.m
SUNDAY 5 p.m - 11 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease, from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £22,000 p.a.

Business Rates from April 2023 £1,900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote