Indian Takeaway in Hornsey For Sale

Situated in a terrace, main road trading position, residential and commercial area, NORTH LONDON HORNSEY

Turnover £ 5,500
Price £85,000

Features

Well Established Indian Takeaway

Established 1990

DOUBLE FRONTED PREMISES in the region of 635 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with LED panel lighting. Waiting area. Sales counter, EPOS till, Coca-Cola fridge. CCTV system (1 camera).

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, Tandoori oven, 8-burner gas cooker, 2 microwaves, 2 fridges, 3 freezers, ice cream freezer, stainless steel preparation table.

Stockroom

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 65% approx. (80% DELIVERY)

Staff

The business is at present operated by the vendor on a part time basis with 3 full time staff plus 2 drivers.

Trading Hours

7 Day week
MONDAY - SATURDAY 4 p.m - 11 p.m
SUNDAY 3 p.m - 11 p.m

Outside

Small Yard

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 2009 with reviews every 3 years (next review 2024) at a current rent of £14,000 p.a.

Business Rates from April 2023 £1,150 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote