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Reference R1099

Licensed Indian Restaurant in South London For Sale

Register to see map and to make an appointment Situated in a parade, excellent High Street trading position, residential, office and commercial area, SW LONDON

Price £325,000

Features

Licensed South Indian Restaurant

DOUBLE FRONTED PREMISES in the region of 1,270 ft² with ELECTRIC SHUTTERS. Non slip vinyl floor, spotlights and chandelier lighting. Air conditioning, Tables and chairs seating 60 persons. Counter. EPOS till, wine rack, under-counter fridge, beer pump. Wash hand basin. CCTV (12 cameras.)

Ladies' and gentlemen's toilets

KITCHEN. Stainless steel extractor, 2-burner chinese cooker, 6 burner Falcon hob, cooker, Tandoori oven, specialist 'dosa' cooker, chest freezer, second freezer, 2 fridges, stainless steel preparation tables, double sink and drainer, grinder, shelving, etc

Walk-in coldroom

Turnover

WE ARE INFORMED by the owner the business enjoys a lucrative turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with 5 full time staff plus the assistance of 6 part time staff.

Trading Hours

7 Day week
Monday - Thursday - 12 noon - 10 p.m.
Friday & Saturday - 12 noon - 10.30 p.m.
Sunday opening - 12 noon - 10 p.m

Outside

Bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £50,000 p.a.

Business Rates from April 2022 £9,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £325,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 162,500 (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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