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Licensed Indian Restaurant With HMO Accommodation In Sanderstead, Surrey For Sale

South Croydon, Surrey, UK
Asking Price:
£109,950
Turnover:
£260,000
Net Profit:
Undisclosed

ADVERT TEXT
LEASEHOLD LIC. INDIAN RESTAURANT
SELF CONTAINED 5 BED ACCOMMODATION OVER SUITABLE AS AN HMO

BUSINESS
This is a well established concern which has been in the same families hands since 1992 and is only now for sale due to ill health. We are informed that the business has taken considerably more in the past before covid and the vendors health deteriorated. Although presented as an Indian the premises would be suitable for a wide range of alternative styles if desired.

The self contained accommodation above can be sublet to cover some or all of the rent of the whole premises. It requires a Fire alarm system and Risk assessment in order to operate as an HMO.

TURNOVER
We are advised the current turnover is £5,000 pwk @ 65% GP.
We are also informed that the business previously took in the region of £10,000 pwk pre covid.

STAFF
2 vendors plus 3 staff

TENURE
New 15 year lease to be granted to the ingoing tenant. Rent £42,000 pa (5 year reviews)

EPC RATING
Band D

BUSINESS RATES
Nil payable

Property Information

Property:

Leasehold

Living Accommodation:

Self contained 5 bed accommodation arranged over the first and second floors comprising 5 bedrooms, Kitchen and 2 bathrooms. The rooms can be let at between £750-£800 pcm.

Location:

In a busy main road location close to Sanderstead mainline station serving a vast well populated residential area.

Premises Details:

Parade shop unit with single frontage and entrance fitted with electric Sun blind and steel roller shutter. Restaurant area: Attractively decorated and fitted with 36 covers. Air conditioning unit. Separate Ladies & Gents WC facilities each with hand wash basin. Servery counter to rear fitted with Music system. Epos till. st/stl hand basin, Shelving, dble fronted chilled drinks display unit. Stairs to Large Basement: Dry and used for storage, Shelving and glass fronted drinks chiller. Door from Servery to Kitchen: Fully tiled and fitted with large 9 ring range with st/stl extractor unit above. Tandoori oven, st/stl work tops, 2 microwave ovens, electrocutor, dble st/stl sink. Store Room: 3 chest freezers, ice cream fridge, upright st/stl fridge, 3 upright freezers. Door to rear Parking area for 2 vehicles/Bin store.

Business Operation

Trading hours:

4.00pm - 10.30pm Mon to Sat
12.00pm - 10.30pm Sun

Contact Broker
Member ? This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.

This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.