Old Establised Nepalese Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON

Turnover £ 4,000
Price £75,000

Features

Well Established Licensed Nepalese Restaurant

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 800 ft² with CANOPY. Tiled floor, suspended ceiling with spotlights. BAR, cash register. Tables and chairs providing seating for 45 persons.

KITCHEN. Tiled floor, extractor unit, charcoal Tandoori oven, 3 fridges, 2 deep freezers, microwave, 8-burner gas cooker, hot cupboard, stainless steel preparation table, double sink and drainer.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a gross profit of 65% approx. (20% DELIVERY Just Eat Etc.)

Staff

The business is at present operated by the vendor's brother & wife part time with 4 full time & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 11am - 2pm & 6pm - 11pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, comprises:

2 Bedrooms (1 double, 1 single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Rear yard

Tenure

The vendors owns the freehold and subject to satisfactory references are prepared to grant a new 5 years SECURE RENEWABLE full repairing and insuring lease at a rent of £30,000 p.a.

Business Rates from April 2022 £12,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote