Immaculate Licensed South Indian Restaurant in Surrey For Sale

Situated in a parade, busy road, densely populated residential & commercial area, SOUTH LONDON / SURREY BORDERS

Turnover £ 5,000
Price £135,000

Features

Immaculate Licensed South Indian Restaurant

4 STAR HYGIENE RATING

DOUBLE FRONTED AIR-CONDITIONED PREMISES in the region of 1,280 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot lights.

Tables and chairs seating 65 people.

Bar - Touch screen cash register, 2 beer pumps, under counter fridges, wash hand basin, mirror backed shelving, etc.

Separate Kitchen - Stainless steel extractor, 2 high capacity burners, 6 burner hob, grill, hot plate, double basket deep fat fryer, 2 microwaves, large fridge, double door fridge, single door fridge, 5 chest freezers, double sink and drainer, was hand basin, stainless steel preparation table, etc.

3 customer cloakrooms (one with disabled access) with toilets and wash hand basin

Large Basement, comprising 3 rooms.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time and 1 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 5 p.m. - 11 p.m.
FRIDAY - SUNDAY 11 a.m. - 11 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above comprising;

5 bedrooms (4 doubles, 1 single)

Large fitted kitchen / diner.

2 bathrooms each with bath (shower over), toilet and wash hand basin.

We are advised the vendor has applied for an HMO licence and if let the accommodation could yield an income in excess of £4,000 pm.

Outside

Rear garden / yard with potential to be utilised for additional seating.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2024 with reviews every 4 years (next review 2029) at a current rent of £36,000 p.a.

Business Rates from April 2025 £3,346 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE SEPTEMBER 2024 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RELOCATION.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote