Indian Restaurant & Takeaway in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 6,500
Price £100,000

Features

Well Fitted Indian Restaurant & Takeaway

NON LICENCED
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 380 ft² with laminated strip floor, Air conditioning with hot air, spot and hanging lights. Bar, drinks display fridge. Tables and chairs providing seating for 36 People (can be expanded).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 9-burner), under counter fridge, hot plate, up right freezer, 2 x deep freeze, up right fridge, microwave, preparation table, etc.

Toilet with w.c. and wash hand basin.

Small Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000- £7,000 p.w. with a Gross profit of 65% approx. (35% via Portals)

Staff

The business is at present operated by the vendor with 4 full time staff employed.

Trading Hours

7 Day week
MONDAY - FRIDAY 5pm - 11pm
SATURDAY & SUNDAY 3pm - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows currently used by staff. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Kitchen.
Lounge.
3 x Shower room with shower, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2020 with reviews every 5 years (next review 2030) at a current rent of £43,000 p.a.

Business Rates from April 2025 £800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote