Well Fitted Indian Restaurant in South London For Sale

Situated in a parade, excellent trading position, SE LONDON

Turnover £ 8,000
Price £110,000

Features

Well Established Licensed Indian Restaurant & Takeaway

This well established Indian Restaurant has been in the same hands since 1996 and there are genuine reasons for sale.

In our opinion in view of the excellent trading position, there is potential for other types of cuisine, if desired.

ATTRACTIVE DOUBLE FRONTED RESTAUANT in the region of 588 ft² with woodstrip floor, ceiling with spotlighting. Air conditioning/heating. Tables & chairs providing seating for 35 persons. BAR with 1 hand pump, 1 single door glass fronted fridge, sink.

Fully tiled ladies' & gentlemen's cloakrooms

LEVEL KITCHEN with quarry tiled floor, tiled walls, stainless steel extractor system, Tandoori oven, 6-burner gas cooker with oven, 2 commercial microwave ovens, 2 fridges, 3 chest deep freezers, 1 large stainless steel table, 1 small stainless steel table, double sink & drainer, wash hand basin etc.

Turnover

WE ARE INFORMED the turnover, takeaway only, at present is currently in the region of £7,500/£8,000 p.w. In our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of restaurant area 3 full time waiters, when trading as a restaurant. Kitchen area 1 chef, 1 Tandoori chef, 1 cook, 1 kitchen porter. In addition 3 drivers are employed for deliveries.

Trading Hours

7 Evenings per week
Monday - Saturday 5.30 p.m. - 11 p.m.
Sunday 4 p.m. - 10 p.m.

Accommodation

INTERNAL STAIRCASE to first floor area comprising at present 2 rooms plus shower room with shower.

It will be appreciated upon inspection that there is potential to provide a separate rear access to the first floor & to convert the first floor rooms into a self contained flat, which in our opinion could command a good rental income, if not required for personal use.

Outside

Rear access with parking

Tenure

We understand the entire premises are held on a secure renewable lease until 2033 with rent reviews every 5 years, with rent currently at £23,000 (under review)

Business Rates from April 2023 £5,000 approx. (Please contact local authority to confirm)

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 1996 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote