South West London Spacious Superbly Fitted Licensed Restaurant For Sale

Business description

Outstanding opportunity to acquire a superbly fitted Licensed Restaurant established as Indian Vegetarian cuisine we understand for approximately 26 years. In our opinion offering terrific potential for the introduction of meat dishes.

IMPRESSIVE SINGLE FRONTED RESTAURANT with new shop front approximately 2 years ago. The Restaurant has been refurbished and newly fitted approximately 18 months ago at considerable expense. Fully carpeted, ceiling with attractive inset spotlighting. 2 air conditioning/heating units. Quality tables and chairs providing seating for 64 persons. Bar area with attractive tiled floor. The bar has a tiled front and tiled top, mirror-backed shelving, sink, double sliding door counter fridge.

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin and electric hand dryer.

SPACIOUS LEVEL KITCHEN with quarry tiled floor. The equipment includes stainless steel extractor, 6-burner Chester gas cooker with oven, large single gas hob, potato peeler, 1 commercial plus 2 domestic microwave ovens, 2 stainless steel tables, double sink and drainer, 3 fridges, 2 chest deep freezes.

Dry Goods Store plus additional store for beers and wines

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED LICENSED RESTAURANT IN THIS EXCELLENT MAIN ROAD TRADING POSITION.

IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, SW LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of meat dishes.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - evenings only 5.30 p.m. - 11 p.m.
Sunday opening - 12.30 p.m. - 11 p.m.

Employees:

The business is at present operated by the vendor (2 evenings per week plus Sunday) with the assistance of 3 full time kitchen staff plus in the restaurant area 2 full time and 1 part time staff. It will be appreciated upon inspection that with more active owners the wage bill could be reduced.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance