Licensed Indian Restaurant In Victoria For Sale

Business description

Located near to Victoria Station, Theatre and many surrounding offices and shops. Busy Tourist passing trade. Well established on site since 1996. Seating for 30 covers. Advised turnover c£4,000-£4,500 pw. Rent £18,500 pa. Rates c£7,000 pa.

Property information

Property:

Leasehold

Location:

Location
Close to Victoria Station, Theatre and many surrounding offices and shops. Attracting trade from the many office workers and tourists in the area with a heavy footfall of passing trade.

Business
Indian Restaurant that has been operated by the current owner since 1983 having built up a good reputation and reviews for serving a variety of Indian dishes. Owner run with the assistance of various staff with a wage bill of £1,000 per week.

Advised turnover £4,000-£4,500 per week working on a gross profit iro 65-70%.

Hours
Serving Lunch and Dinner - Monday to Saturday.

Premises
Mid Terrace lock up shop comprising Ground Floor, Basement and First Floor.

Ground Floor: Half glass frontage with exterior canopy and Perspex signage.
Interior fitted with carpet flooring, low level lighting plus wall lights. Seating for 30 covers at tables with upholstered chairs. Bar to the rear fitted with built under fridge and heated cabinet.
First Floor: Accessed via internal stairs leading to Kitchen and Ladies and Gents cloakrooms.
Kitchen fitted with tiled floors and tiled and partly stainless steel clad walls along with a lift (dumb waiter) deliver food to ground floor restaurant. Equipped with 6 ring gas hob/oven, clay oven, stainless steel extraction unit, double stainless steel sink, microwave, various fridges and freezers. Exit to fire escape.

Basement: Accessed via internal stairs leading to a stock room.

Tenure
10 years remaining on lease (2011). (Advised renewable within the Landlord and Tenant Act but unseen by Adams and Co.) Rent £18,500 per annum. Rates c£7,000 pa.