Punjabi Restaurant in Croydon For Sale

Excellent main road trading position, densely populated commercial and office area, CROYDON, SURREY

Turnover £ 7,500
Price £125,000

Features

Punjabi-style Restautant and Takeaway

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 460 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, hanging lights, sales counter, EPOS till, Coffee Machine (2 Group). Tables and chairs providing seating for 20 People, CCTV system (8 cameras).

Kitchen with stainless steel extractor unit, Cooker (Gas 5-burner), boiler, 3 x fridge, 2 deep freeze, hot plate, dishwasher, preparation table, 2 x microwave, double sink and drainer.

Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. with a Gross profit of 65% approx. (40% VIA PORTALS)

Staff

The business is at present operated by a Manager with 4 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 10am - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

6 Bedrooms (2 double, 3 Single).
Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Shower room with shower, w.c. and wash hand basin.
Lounge.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 3 years (next review 2028) at a current rent of £33,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote