Indian Restaurant in South London For Sale

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

Turnover £ 3,000
Price £60,000

Features

Unlicensed Indian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

Currently not licensed, however in our opinion there is potential to introduce alcohol, subject to obtaining the necessary premises and personal licence.

SINGLE FRONTED PREMISES in the region of 1,015 ft² with ELECTRIC SHUTTERS. Air conditioning with hot air. Woodstrip floor, suspended ceiling with spotlights & hanging lights. Tables and chairs providing seating for 24 persons can be expanded to 30.

KITCHEN. Stainless steel extractor unit, Tandoori oven, hotplate, 4 fridges, 1 freezer, 9-burner gas cooker, microwave, dishwasher, double sink and drainer

Toilet with w.c. and wash hand basin

Basement in the region of 615 ft², used for storage purposes which in our opinion has potential to be converted into additional seating if required.

Stockroom 2 fridges & 2 freezers

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx. (50% ONLINE DELIVERY)

Staff

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

Trading Hours

6 Day week
MONDAY - SATURDAY 5 p.m - 11 p.m

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease with rent reviews every 3 years at a starting rent of £28,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote