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Reference R8064

Indian Restaurant in West London For Sale

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

Turnover 4,000
Price 110,000

Features

Licensed Restaurant

At present Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE SINGLE FRONTED RESTAURANT with tiled floor & carpeted area, wall & ceiling lighting. 2 air conditioning/heating units. Customers' waiting area with sofa for 4 people. The restaurant has tables & chairs for 48 persons. BAR with 1 hand pump, 1 double door & 1 single door glass fronted counter fridge, sink.

LEVEL KITCHEN with tiled floor & tiled walls, stainless steel extractor, Tandoori oven, 8-burner Chester cooker, 2 door upright stainless steel fridge, 1 chest deep freezer, double sink & drainer, wash hand basin etc.

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

Turnover

WE ARE INFORMED the turnover averages 4,000/4,500 p.w. in our opinion offering further potential to increase in the right hands. We are further adivsed that approximately 60% of the turnover is in respect of takeaway & delivery.

Staff

The restaurant is at present operated by the vendor with in the kitchen area 2 chefs plus 1 kitchen porter plus additional 1 part time kitchen staff at weekends. Restaurant area 3 waiters. In addition there is 1 driver for deliveries.

Trading Hours

Monday - Saturday inclusive - 5.30 p.m. - 11 p.m.
Sunday opening - 12 noon - 2.30 p.m. & 5.30 p.m. - 10.30 p.m.

Accommodation

The accommodation in the form of SELF CONTAINED FLAT over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Kitchen

2 of the rooms are currently let on shorthold tenancies. 1 room producing 500 per month rent whilst the other produces 650 per month

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 25,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 7,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 55,000 (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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