Indian Restaurant in South London For Sale

Terrace property, excellent main road trading position, close to Hotel and Civic Offices, residential and commercial area, SE LONDON

Turnover £ 3,000
Price £47,500

Features

Indian Restaurant & Takeaway

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 530 ft² - Wooden flooring, suspended ceiling with spot lights.

Tables and chairs seating 24 people.

Bar - Cash register, under counter fridges, wash hand basin.

Unisex cloakroom with toilet and wash hand basin.

Separate Kitchen - Stainless steel extractor, 6 burner hob, tandoori oven, plate warmer, microwave, 2 stanless steel preparation tables, 2 fridges, 3 freezers, soft drinks fridge, double sink and drainer, etc.

Storage area.

Stairs to BASEMENT, in the region of 300 ft² - Used for storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 60% approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 5 pm - 11 pm
Potential and demand for longer hours.

Outside

Yard with shed used for storage.

Tenure

THE VENDOR OWNS THE FREEHOLD and is prepared to grant, to an approved applicant, a new 12 years lease with reviews every 3 years at an initial rent of £18,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1998, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £47,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 23,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote