Restaurant and Indian Grocery Store in North London For Sale

Situated in a parade, main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 6,000
Price £99,500

Features

Vegan Restaurant Plus Indian Grocery

6 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 915 ft² with ELECTRIC SHUTTERS and Canopy. Woodstrip floor, ceiling with spo light. Air conditioning with hot air. Tables and chairs providing seating for 38 persons. Sales counter, EPOS till, modern adjustable shelving, large glass topped deep freeze. CCTV system (5 cameras, 1 monitor).

Toilet with w.c. and wash hand basin.

Basment in the region of 470 ft²

KITCHEN with stainless steel extractor unit, 9-burner gas cooker, Tandoori oven, nan machine, dosa machine, 6 freezers, 4 fridges, microwave, oven, etc.

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

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 53% approx. (£2,000 grocery and £4,000 restaurant)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 10 a.m - 9 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 25 years in 2007 with reviews every 4 years (next review 2027) at a current rent of £14,000 p.a.

Business Rates from April 2023 £2,500 approx. (after small business relief) (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote