Licensed Indian Restaurant in Caterham For Sale

End of terrace property, excellent trading position, residential area, CATERHAM, Surrey.

Turnover £ 5,750
Price £125,000

Features

Old Established Licensed Indian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, tiled floor, ceiling with LED and spot lights. Bar, EPOS till, drinks display fridge, Tables and chairs providing seating for 42 People.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Kitchen with, stainless steel extractor unit, Tandoori oven, Cooker (Gas 8-burner), Cooker (Gas 4-burner), microwave, grill, preparation table, fridge with stainless steel top, 4 fridges, 2 chest freezers, large upright freezer, double sink and drainer, etc

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. - £6,000 p.w. with a Gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor as manager, 3 kitchen staff, 2/3 front of house and 1 part time staff plus a delivery driver.

Trading Hours

6 Day week (with MIDNIGHT Licence)
TUESDAY - SUNDAY 5 p.m. - 11 p.m.

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, used by staff. The accommodation comprises:

4 Bedrooms (3 double, 1 Single).
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear large garden.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2014 with reviews every 3 years (next review 2026) at a current rent of £27,000 p.a.

Business Rates from April 2025 £1,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATION.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

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