Licensed Indian Restaurant in South London For Sale

Situated in a parade, excellent trading position, sought after residential area, SW LONDON

Turnover £ 4,250
Price £79,950

Features

Licensed Indian Restaurant

OUTSIDE SEATING FOR 8 PEOPLE

DOUBLE FRONTED PREMISES in the region of 650 ft² WITH CANOPY, wood strip floor, ceiling with spot lights and feature chandeliers, air conditioning with hot air, ceiling fan.

CCTV system (3 cameras).

Tables, chairs and sofa booths for 32 customers

Bar - Touch screen cash register, beer pump, 3 under counter fridges, wash hand basin.

Kitchen with stainless steel extractor unit, new cooker (Gas 8-burner), Tandoori oven, Hot plate, 8 drawer commercial fridge, fridge/freezer, 2 under counter fridge, double sink and drainer, stainless steel preparation table, etc.

Stock room, chest freezer

Walkin coldroom.

Cloakroom with toilet and wash hand basin.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the Husband & Wife team with 2 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 6 p.m. - 10.30 p.m.
FRIDAY & SATURDAY 5 p.m. - 11 p.m.
SUNDAY 5 p.m. - 10 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2019 with reviews every 4 years (next review 2027) at a current rent of £33,000 p.a.

Business Rates from April 2025 £7,200 approx. (under appeal) (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £79,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote