Air Conditioned Indian Restaurant in South London For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, SW LONDON

Turnover £ 8,000
Price £300,000

Features

Well-established Air-conditioned Indian Restaurant

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 1,750 ft², Hardwood flooring, suspended ceiling with spot lights and pendants.

Customer waiting area.

Tables and chairs seating 80 / 90 people.

BAR - EPOS cash register, 9 Beer pumps, under counter fridges, ice maker, glass washer, wash hand basin, etc.

KITCHEN - Stainless steel extractor, Double basket deep fat fryer, Tandoori oven, 4 burner hob, plate warmer, microwave, under counter fridges, under counter freezer, double sink and dra\iner, stainless steel preparation tables, etc.

Disabled access cloakroom with toilet and wash hand basin.

Store room.

Boiler Room.


Stairs to BASEMENT, in the region of 1,600 ft²


Ladie's cloakroom with toilet and wash handbasin.

Gentlemen's cloakroom with toilet and wash handbasin.

Secure store room.

PREPARATION KITCHEN - Dough mixer, mincer, stainless steel preparation tables, double sink and drainer, etc.

Walkin fridge

Walkin freezer


Secure drink store / Beer Cellar.

Staff rest area.

Office.

Utility room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. - £ 8,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 3 full time and 3 part time staff employed.

We are informed the wage bill averages £2,500 p.w. approx.

Trading Hours

6 Day week
MONDAY, WEDNESDAY, THURSDAY 2 p.m. - 11 p.m.
FRIDAY & SATURDAY 12 noon - Midnight
SUNDAY 12 noon - 11 p.m.
CLOSED TUESDAYS

Outside

Smoking area to rear.

Bin Store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £82,500 p.a.

Business Rates from April 2025 £32,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote