Indian Restaurant and Takeaway in Middlesex For Sale

Situated in a Parade, excellent main road trading position, residential area, Middx, Greater London.

Turnover £ 12,000
Price £199,950

Features

Well Established Licensed Indian and Nepalese Restaurant

5 STAR HYGIENE RATING

6 DAYS OPENING

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,300 ft², Hardwood flooring, suspended sealing with spot lights and character pendents.

Tables and chairs seating 80 people.

Bar - EPOS cash register, coffee machine (on lease), under counter fridges, hand wash basin, mirror backed shelving, etc

Gentleman's cloakroom, teo toilets and wash hand basin.

Ladies / Disabled cloakroom with toilet and wash hand basin

SEPERATE KITCHEN - Tiled flooring.

Stainless steel extractor, 9 burner cooker, oven, tandoori oven, double basket deep fat fryer, hot cabinet, microwave, under counter fridge, double door freezer, dishwasher, ice machine, glass washer, double sink and drainer, stainless steel preparation table, handwash sink, etc.

Walkin chiller

Walkin freezer

Dry store.

SECOND KITCHEN - Stainless steel extractor, 4 burner hob, stock pot cookers, food wash sink, hand wash stink, stainless steel preparation tables, etc.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 5 full time and five part time staff employed.

We are informed the wage bill averages £4,000p.w. approx.

Trading Hours

6 Day week
WEDSNESDAY - MONDAY 12 - 2.30 pm then 5 pm to 10 pm
CLOSED TUESDAY

Outside

Parking at rear for 3 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2020 with reviews every 4 years (next review 2028) at a current rent of £28,000 p.a.

Business Rates from April 2024 £3,500 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £199,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 99,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote