Modern Indian Restaurant in West Norwood For Sale

Situated in a parade, busy trading position, densely populated residential area,SE LONDON WEST NORWOOD

Turnover £ 2,000
Price £55,000

Features

Modern Licensed Indian Restaurant

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 495 ft² with ELECTRIC SHUTTERS & AWNING. Alarm. Tiled flooring, plaster board ceiling with spotlights. Tables and chairs seating 20. BAR. Electric cash register, under-counter fridges, coffee machine.

Separate Kitchen. Tube lighting. Stainless steel extractor, bain marie, 8 burner hob, Tandoori oven, single basket deep fat fryer, 2 chest freezers, 2 stainless steel fridges, double sink and drainer, stainless steel preparation table.

Ladies' cloakroom with toilet and sink.
Gentlemen's cloakroom with toilet and sink.

Stairs to basement in the region of 365 ft².

Tables and chairs seating 15 people.

Additional kitchen with extractor, containing 6 burner cooker, double sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 2 full time staff plus the assistance of 1 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY - 4 p.m - 11 p.m
FRIDAY & SATURDAY - 4 p.m - 11.30 p.m
SUNDAY - 4 p.m - 11 p.m
CLOSED MONDAY

Outside

Garden to rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote