Indian Restaurant and Bar in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, East London.

Turnover £ 2,750
Price £95,000

Features

Well Fitted Indian Restaurant & Bar

SEATING FOR 45

SINGLE FRONTED PREMISES in the region of 715 ft² WITH ELECTRIC SHUTTERS, wood strip floor, suspended ceiling with LED spot lights, sales counter, EPOS till. Tables and chairs providing seating for 25 People, CCTV system (10 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 6-burner), Jet Stove, microwave, 5 fridges, 3 freezers, grill.

Toilet with w.c. and wash hand basin..

Basement in the region of 320 ft² with Bar with prooject and speakers.

Additional Tables and chairs providing seating for 18/20 People

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,750 p.w. with a Gross profit of 65% approx. (20% VIA PORTALS)

Staff

The business is at present operated by 1 of the partners on a part time basis

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SUB LEASE (private landlord) granted for 7 years in 2025 with reviews at a rent of £20,400 p.a. until 2027 when the rent increases to £22,200 p.a. for the next 3 years (next review 2030)

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote