Licensed Restaurant in Croydon For Sale

Situated in a parade, excellent main road trading position, SURREY CROYDON

Turnover £ 6,500
Price £110,000

Features

Well Fitted Licensed Indian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 820 ft², tiled floor, suspended ceiling with spot lights. Bar, EPOS till.
Tables and chairs providing seating for 30 People, CCTV system (8 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, Tandoori oven, Gas 9-burner Cooker, 3 fridge, 2 freezer, 2 commercial microwaves, 3 deep freeze, double sink and drainer.

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

Basement with potential for additional seating

Turnover

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

Staff

The business is at present operated by the vendor with 6 full time staff employed.

Trading Hours

6 Day week
Tue - Sun 12 noon - 11 pm
closed Monday

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 2016 with reviews every 4 years (next review 2024) at a current rent of £19,200 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote