Long Established Indian Takeaway in Forest Hill For Sale

Situated in a Parade, excellent trading position, opposite large park and close to the station, residential and commercial area, Herne Hill, LONDON, S.E.24.

Turnover £ 3,000
Price £110,000

Features

Long Established Indian Takeaway

RETIREMENT SALE AFTER 32 YEARS

SINGLE FRONTED PREMISES, in the region of 550 ft², WITH ELECTRIC SHUTTERS - Laminate flooring, suspended ceiling with LED lighting.

Customer waiting area. Sales counter, sof drinks fridge, cash box.

KITCHEN - Stainless steel extractor, 12 burner hob, tandoori oven, hot cabinet, microwave, stainless steel preparation tables, 2 fridges, 2 freezers, single sink, wash hand basin, etc.

Staff cloakroom with toilet and wash hand basin.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. (approx 50 % delivery.) with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor, with the assistance of 3 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 5 pm - MIDNIGHT

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £16,000 p.a.

Business Rates from April 2024 £2,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1992, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote