Established Since 1962
Accounts Available 31st January 2020
Annual Turnover £310,515
Gross Profit £177,194
Large 4 Storey Property
3 - 2 Bedroom Apartments Included
Prominent Trading Position
Potential Investment Opportunity
5 Star Food Hygiene Rating
EPC - E
REF 5990 – Freehold Restaurant With Accommodation
Blacks Brokers are proud to bring to the market this freehold restaurant with accommodation located in a busy and densely populated area of Fulham, Greater London.
Lily Tandoori has been trading since 1962 with our client in ownership since 1985. The business is exceptionally well-known in this area and brings the finest dining experience and top quality menu choices to it’s huge base of regular customers.
Lillie Road in Fulham well linked with the Talgarth Road A4, within easy access of Central London the M4 and Heathrow Airport. Chelsea Football Club and Fulham Football Club both lie close by. The area is densely populated and brings both local custom and much passing trade from visitors to the area.
REASON FOR SALE
Lily Tandoori is only being offered for sale due to our client’s retirement.
BUILDING LAYOUT AND DESIGN
The business is housed within the ground and basement floor of this spacious, four-storey property. Well branded with clear signage on display, the business stands out from the parade well.
Inside, the ground floor comprises of: the main reception and restaurant area with bar servery at the rear and customer stairwell to the basement. To the rear of the bar is access to the main kitchen, staff stairwell to the basement and a store room. The ground and basement floor offers seating for up to 90. All areas are presented exceptionally well, with tasteful décor and carpeted throughout. The kitchen is extremely well-equipped with all fixtures, fittings and equipment of a high standard.
Customer and staff toilets area positioned within the basement floor and as with all areas, are presented to a good standard.
Accommodation is housed within the first, second and third floors with the first-floor housing two large bedrooms, a bathroom and two toilets. The second-floor houses two double bedrooms and one single bedroom. The third floor mirrors the second floor with two double bedrooms and one single bedroom.
All areas are well presented with good quality fixtures and fittings in place.
Lily Tandoori is currently operating with six members of staff working on a full-time basis.
Financial details are available upon a viewing of the business and Lily Tandoori has traded solidly over its trading history. Accounts are available after viewings.
This is a fantastic investment opportunity to acquire a property in one of London’s most affluent areas of Fulham and Chelsea.
There is also potential for a new owner to seeking planning permission should they wish to redevelop the upper floors to create 4 apartments which in this exclusive area can generate £1,000 per week in rental income with the possibility of extending the permission to 5 apartments.