Attractive Well Fitted Licensed Restaurant For Sale

Business description

We understand trading as Indian cuisine for approximately 25 years, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisines, if desired.

Electric shutters to SPACIOUS DOUBLE FRONTED RESTAURANT woodstrip floor, partly carpeted. Tables and chairs providing seating for 45 persons. BAR.

LEVEL KITCHEN with non-slip floor. The equipment includes Tandoori oven, 2 6-burner gas cookers, 5 fridges, 3-door stainless steel count fridge, 1 stainless steel upright Williams fridge, 2 stainless steel fridges etc.

Ladies' & gentlemen's cloakrooms

BASEMENT used for storage purposes plus office

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rate: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, busy road, densely populated residential and commercial area, LONDON, SE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,300 p.w. in our opinion offering further potential to increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2.30 p.m. & 6 p.m. - 12 midnight seven days per week

Employees:

The business is at present operated by 2 partners plus 1 full time chef and 3 kitchen staff plus 3 additional staff in the restaurant area.

Other information

Financing available:

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