Sri Lankan Restaurant in South London For Sale

Situated at the end of the parade, excellent corner trading position, close to Underground Station, SW LONDON

Turnover £ 10,000
Price £160,000

Features

Historic Licenced Sri Lankan Restaurant

4 STAR HYGIENE RATING.
ESTABLISHED SINCE 1991

DOUBLE FRONTED PREMISES in the region of 1,150 ft² WITH ELECTRIC SHUTTERS & CANOPY, tiled floor, spot lights & Lamps, Air conditioning with hot air. Bar / Reception desk, EPOS till with Ipad's, 2 x drinks display fridge (glass fronted upright double-door). Tables and chairs providing seating for 70 People, CCTV system (3 cameras, 1 monitor).

Private hire room with Air conditioning with hot air & hanging lights, refrigerated making table, 2 x drinks display fridge (glass fronted upright)

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

Kitchen with 2 extractors, 2 stoves, 2 fryers, undercounter fridge, 2 x freezerdishwasher, preparation tables.

Space behind kitchen (used for storage)

Staff Toilet with w.c. and wash hand basin.

Basement, used for storage purposes, under counter fridge, under counter freezer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 60% approx. (£2,000 per week via Portals)

Staff

The business is at present operated by the manager with 4 full time and 5 part time staff employed. We are informed the wage bill averages £1,520p.w. approx.

Trading Hours

7 Day week
SUNDAY - THURSDAY 11 a.m. - 10 p.m.
FRIDAY & SATURDAY 11 a.m. - 11 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £3,000 per month . The accommodation comprises:

6 Bedrooms (4 double, 2 Single).
2 x Shower room with shower, w.c. and wash hand basin.
Small Lounge.
Kitchen.

Outside

Small Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 4 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £50,000 p.a. + VAT

Business Rates from April 2025 £7,980 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 1991, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote