Immaculate Licensed Indian Restaurant in Twickenham For Sale

Occupying a corner position, excellent trading position, opposite recreation ground, residential and commercial area, TWICKENHAM, Middx.

Turnover £ 4,000
Price £45,000

Features

Immaculate, Fully Licensed, Indian Restaurant & Takeaway

5 STAR HYGIENE RATING

SINGLE FRONTED AIR CONDITIONED PREMISES, in the region of 700 ft², Hardwood flooring, suspended ceiling with pendant, LED and feature lighting.

Tables and chairs seating 35 people (could be increased)

Function Room with seating for 25 people.

FULLY EQUIPPED BAR - Electric cash register, under counter fridges, under counter freezer, ice making machine, coffee machine, wash hand basin.

SEPARATE KITCHEN - Stainless steel extractor, Tandoori Oven, 8 burner cooker, 2 microwaves, heated cabinet, plate warmer, rice cooker, 2 large fridges, 3 chest freezesr, large fridge single door, double sink and drainer, stainless steel preparation table, etc.

Unisex cloakroom (disabled access) with toilet and sink.

Staff toilet.

Stairs to Lower Ground Floor;

Used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. - £4,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time and 3 part time staff (and 1 driver) employed.

We are informed the wage bill averages £2,300p.w. approx.

Trading Hours

6 Day week
MONDAY & WEDNESDAY - SUNDAY 5 p.m. - 11 p.m.
CLOSED TUESDAYS.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £18,800 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote