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Reference R8766

Indian Restaurant in East London For Sale

Indian Restaurant in East London For Sale
Indian Restaurant in East London For Sale Buy a Indian Restaurant in East London For Sale

Register to see map and to make an appointment Situated end of parade, occupying a corner position, busy road, residential & commercial area EAST LONDON

Turnover £ 6,000
Price £120,000

Features

Well Fitted Restaurant

Modern shop front with double door to SPACIOUS RESTAURANT with quality tiled floor, ceiling with inset spotlighting plus hanging lighting over the reception counter. Tables & chairs providing seating for 80 persons.

LARGE LEVEL KITCHEN. The equipment includes 2 Tandoori ovens, 2-door stainless steel counter fridge, hot cupboard for plates, double sink plus single sink, walk-in coldroom, walk-in deep freezer etc.

Ladies'/disabled cloakroom
Gentlemen's cloakroom with 2 w.c's, wash hand basin

Large basement with tiled floor

2 separate staircases from the ground floor. We understand that part of the basement area can be utilized as an additional restaurant area, if desired.

Turnover

WE ARE INFORMED the turnover is in the region of £6,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands.

Staff

Staff employed. Restaurant area 1 full time manager plus 2 staff. Kitchen area 3 full time plus part time staff.

Trading Hours

12 noon - 11 p.m. seven days per week

Outside

Parking at rear for 3/4 cars

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in June, 2019 at a rental of £43,200 p.a. exclusive of rates. We understand the landlord, subject to satisfactory references, will grant a new 20 years lease at terms and rent to be agreed.

Uniform Business Rates: £29,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (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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