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Morden Licensed Indian Restaurant in South London For Sale

Morden Licensed Indian Restaurant in South London For Sale
Morden Licensed Indian Restaurant in South London For Sale Buy a Morden Licensed Indian Restaurant in South London For Sale Sell a Morden Licensed Indian Restaurant in South London For Sale Morden Licensed Indian Restaurant in South London For Sale for Sale Morden Licensed Indian Restaurant in South London For Sale for Sale Morden Licensed Indian Restaurant in South London For Sale for Sale Morden Licensed Indian Restaurant in South London For Sale for Sale Morden Licensed Indian Restaurant in South London For Sale for Sale Morden Licensed Indian Restaurant in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area, SE LONDON

Turnover 4,000
Price 66,000

Features

Modern Licensed Indian Restaurant

Layby in front of parade (restricted parking during the day)

Large hotel nearby

SPACIOUS DOUBLE FRONTED RESTAURANT. Tables and chairs providing seating for 46 People. BAR. Counter, 2 fridges, cash register, glass washer, sink

LEVEL KITCHEN with Tandoori oven, 6-burner gas cooker, double fryer, fridge, freezer, preparation tables, double sink and drainer, commercial dishwasher under-counter fridge, commercial microwave oven

Stock room / Dry Store room

Fully tiled ladies'/disabled cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages 4,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assisance of 3 full time & 2 part time staff employed.

Trading Hours

7 Day week
Monday - Thursday - 12pm - 11pm
Friday & Saturday 12 pm - 12pm
Sunday 12pm - 10pm

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord granted for 16 years in 2013 with reviews every 4 years (next review 2025) at a current rent of 15,600 p.a. (reduced to 13,000 during Corona)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 66,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 33,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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