Indian Restaurant in East London For Sale

Situated in a parade, excellent trading position, residential & office area, EAST LONDON

Turnover £ 5,000
Price £150,000

Features

Indian Restaurant (not Licensed)

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,325 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, spot lights, 3 cool display counter with refrigerated storage section, cash register.Tables and chairs providing seating for 50 People (can be expanded).

Open plan kitchen area, stainless steel extractor unit, Tandoori oven, grill, deep fryer (2 pan), table top fryer, flat grill, fridge, freezer, sink.

Office.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Preparation room, stainless steel extractor unit, Cooker (Gas 8-burner), steamer, frides, freezers

Walkin coldroom.

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

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the 2 partners with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11 pm

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 2023 with reviews every 5 years (next review 2028) at a current rent of £30,000 p.a.

Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote