Indian Restaurant in North Kensington For Sale

Situated in a Parade, excellent main road trading position, residential and office area, WEST LONDON NORTH KENSINGTON

Turnover £ 5,000
Price £125,000

Features

Indian Takeaway & Restaurant

DOUBLE FRONTED PREMISES in the region of 750 ft² with SHUTTERS, suspended ceiling with spot and fluorescent lighting, tiled floor. Tables and chairs providing seating for 14 persons. Cool display counter with refrigerated storage section, additional display fridge, EPOS till, commercial microwave oven food warmer, etc..

KITCHEN. Tandoori oven, 7-burner gas cooker, stainless steel extractor unit, 2 fridges, stainless steel preparation table, double sink and drainer, etc.

Toilet with w.c. and wash hand basin

Basement in the region of 195 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx. (50% walk-in customers)

Staff

The business is at present operated by the vendor with the assistance of 3 full time staff employed plus 1 part time driver.

Trading Hours

7 Day week
MONDAY - SATURDAY inclusive 11.30 a.m - 11 p.m
SUNDAY 1 p.m - 11 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £20,000 p.a.

Uniform Business Rates 2023 £8,500 p.a. after full relief (Please contact local authority to confirm)

SOLELY BEING OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote