Newly Fitted Indian Restaurant in Lee For Sale

Main road trading position, serving large residential area, LEE, SE LONDON / KENT BOARDERS LEE

Turnover £ 3,000
Price £59,950

Features

Newly Fitted Indian Restaurant

FORECOURT WITH SEATING FOR 18-20 PERSONS

6 DAYS OPENING
NEWLY FITTED 2022
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 950 ft² with woodstrip floor, ceiling with up-lights. Air conditioning with hot air. BAR, EPOS NOW till. Tables and chairs providing seating for 40 persons. CCTV system (8 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, Tandoori oven, 2 ovens, 8-burner gas cooker, microwave, large 2 door fridge, large double door freezer, 3 deep freezers, under-counter 3 door fridge, preparation table, dishwasher, ice machine.

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

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. plus events with a Gross profit of 65% approx. (£1,000 on takeaways)

Staff

The business is at present operated by 2 partners with 3 full time staff employed.

Trading Hours

6 Day week
TUESDAY - THURSDAY 5 p.m - 10.30 p.m
FRIDAY & SATURDAY 5 p.m - 11 p.m
SUNDAY 3 p.m - 9.30 p.m.

Outside

Outside seating for 30 persons

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £13,000 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 £59,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote