Indian Restaurant (closed) in South London For Sale

Situated in a parade, busy road, densely populated residential & commercial area, SE LONDON

Price £59,950

Features

Licensed Indian Restaurant (recently Closed 040723)

Outside seating for 12 persons

5 STAR HYGIENE RATING

DOUBLE FRONTED GROUND FLOOR PREMISES in the region of 530 ft² with electric shutters. Amtico wood effect flooring, spotlights and pendant lighting. Tables and chairs seating 40 persons. BAR. Electric cash register (EPOS), single beer pump, 2 triple door under-counter fridges, ice machine, capsule coffee machine, wash hand basin.

Disabled cloakroom with toilet and sink

KITCHEN, Tiled floor, tube lighting. Stainless steel extactor, tandoori oven, 9 burner wok hob, oven, triple door hot cupboard, 2 double door under-counter fridges with stainless steel counter, upright single door freezer, stainless steel preparation table, double sink and drainer

Storeroom

Stairs to Lower Ground floor

Function room / Additional dining area. Tables and chairs seating 30 persons
Bar with under-counter fridges, shelving.

Ladies' cloakroom with toilet and sink

Gentlemen's cloakroom with toilet and sink

Store rooms - 3 chest freezers, 2 upright fridges and shelving.

Turnover

WE ARE INFORMED when trading sales were in the region of £10,000 p.w

Staff

Was run under management

Trading Hours

When trading
7 Day week
MONDAY - SUNDAY 5.30 p.m - 10 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £30,000 p.a.

Business Rates from April 2023 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £59,950 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote