Well Fitted Indian Restaurant in East London For Sale

Semi-detached property, excellent main road trading position, residential, office and commercial area, near large Multiplies, East London

Turnover £ 11,500
Price £300,000

Features

Well Fitted Licensed Indian Restaurant

4 STAR HYGIENE RATING
NEWLY FITTED 2023

DOUBLE FRONTED PREMISES in the region of 1,945 ft² WITH ELECTRIC SHUTTERS, carpet tiled floor, suspended hanging and spot lighting. Bar with 1 tap, 5 x drinks display fridge (glass fronted), Tables and chairs providing seating for 76 People (can be expanded), CCTV system (16 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, Tandoori oven, Cooker (Gas 4-burner), Cooker (Gas 12-burner), fridge, 2 x freezer, 2 commercial microwaves.
Walkin coldroom.

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

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

Office.

Basement in the region of 665 ft², used for storage purposes.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 - £12,000 p.w. with a Gross profit of 65% approx. (PORTAL SALES £3,000)

Staff

The business is at present operated by 6 full time staff & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 5pm - 11pm
SUNDAY 12 noon - 11pm

Outside

Rear yard, Walkin coldroom

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2023 with reviews every 5 years at a current rent of £36,000 p.a. increaising but £1,000 every year for the first 5 years.

Business Rates from April 2025 £9,900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote