Indian Restaurant and Bar in South London For Sale

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

Turnover £ 4,500
Price £110,000

Features

Indian Restaurant and Bar with Private Function Room

6 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES - CCtv (8 cameras), marble floor, plasterboard ceiling with pendant and spot lights.

Customer waiting area.

Tables and Chairs seating 50 people.

Bar - EPOS cash register, under counter fridges, 2 draft beer pumps, ice machine, glass washer, wash hand basin, mirror backed shelving, etc.

Customer cloakroom with toilet, mirror and sink.

OPEN PLAN KITCHEN - Stainless steel extractor, 4 ring hob, oven, Rationale combi grill, bain marie (3 pot), microwave, 3 hot cabinets, 2 fridges, large freezer, large fridge to the rear, single sink with drainer, dishwasher, hand wash basin, stainless steel preparation table, etc.

Rear store with fridge and freezer, shelved, etc.

Staff toilet.

Function room, additional Kitchen and outside seating to rear - HELD ON ADDITIONAL NON RENEWABLE LEASE

Tables and chairs seating 30 people internally, outside seating for 20 customers.

Bar area.

Rear Kitchen used as dry store - Stainless steel extractor.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a rross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time and 2 part time staff employed.

We are informed the wage bill averages £1,750p.w. approx.

Trading Hours

6 Day week
TUESDAY - SATURDAY 4pm - 11pm
CLOSED MONDAY

Local demand for additional opening hours

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on 2 LEASES.

We are advised the main restaurant is held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £21,600 p.a.

THE VENDOR advises the rear funtion room, kitchen and outside space premises is held on a NON RENEWABLE lease (private landlord) granted for 5 years in 2022 with reviews every until 2027 at a current rent of £4,800 p.a.

Price

TO INCLUDE THE LEASES, 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