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Reference R7990

Indian Restaurant in East London For Sale

Indian Restaurant in East London For Sale
Indian Restaurant in East London For Sale Buy a Indian Restaurant in East London For Sale Sell a Indian Restaurant in East London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, sought after residential area, E LONDON

Turnover 6,000
Price 97,500

Features

Spacious Single Fronted Restaurant

Established as Indian cuisine since 1990 which could obviously be continued and in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS SINGLE FRONTED RESTAURANT, quality oak strip floor, wall 7 ceiling lighting. 2 air conditionin/heating units. Tables & chairs providing seating for 62 persons. BAR, glass display shelving, double glass fronted counter fridge, wash hand basin.

Fully tiled ladies' cloakroom with 2 w.c's, 2 wash hand basins
Fully tiled gentlemen's cloakroom with urinal, w.c. & wash hand basin

LEVEL KITCHEN with quarry tiled floor, stainless steel extractor system, tiled walls, Tandoori oven, 10-burner gas cooker with oven, 3 stainless steel tables, 1 double door stainless steel fridge, 2 additional fridges, double sink & drainer, wash hand basin etc.

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. including takeaway & delivery, in our opinion offering further potential in the right hands.

Staff

The Restaurant is at present operated by the vendor with the assistance of 3 full time waiters, 3 full time chefs plus 1 full time kitchen porter, in addition 2 drivers are employed at weekends plus 1 driver weekends for deliveries.

Trading Hours

Monday - Saturday inclusive - evenings only - 5.30 p.m. - 11.30 p.m.
Sunday opening - 1 p.m. - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from September, 2017 at a rental of 24,000 p.a. exclusive of rates up to September, 2020 with rent review at that time and thereafter every 4 yeas.

Uniform Business Rates: 3,500 p.a. approx. (should reduce with small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 48,750 (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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