Licensed Indian Restaurant in Wallington For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, WALLINGTON, SURREY

Turnover £ 11,000
Price £87,000

Features

All Day Licensed Indian Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 985 ft² with tiled floor, spot lights, Air conditioning with hot air. Bar with 2 Taps, glass fronted drinks display fridge, EPOS till. Tables and chairs providing seating for 35 People, CCTV system (8 cameras, 2 monitor).

Kitchen with stainless steel extractor unit, Gas 2-burner Cooker, hot plate, Rational combi Oven, 2 x microwave, dishwasher, 2 x fridge, deep freeze, blender, ice cream freezer, Juice Machine, 2 drinks display fridge (glass fronted upright).

Walkin coldroom..

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

Basement, used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 - £12,000 p.w. with a Gross profit of 65% approx. (with £750 per week on the portals)

Staff

The business is at present operated by the 2 partners with 3 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 12 noon - 10pm
SATURDAY & SUNDAY - 10am - 10pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £18,720 p.a.

Business Rates from April 2025 £900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £87,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 43,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote