Indian Takeaway with Full on Licence in Balham For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON BALHAM

Turnover £ 8,000
Price £89,950

Features

Indian Takeaway with Full On Licence

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 700 ft² with ELECTRIC SHUTTERS. Industrial non-slip floor, ceiling with spotlights. Sales counter, EPOS till. CCTV system (4 cameras).

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 2 Tandoori ovens, 4-burner gas cooker, 6-burner gas cooker, 2-pan deep fryer, microwave, 3 fridges, 3 freezers, hot cupboard, double sink and drainer.

Staff toilet with w.c. and wash hand basin

Stockroom / Storeroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 6 full time staff & 2 drivers

Trading Hours

7 Day week
MONDAY - SUNDAY 4 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 15 years in 2011 with reviews every 3 years (next review 2026) at a current rent of £22,000 p.a.

Business Rates from April 2023 £2,200 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 £89,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote